Robinhood's new feature, called Cash Management, takes a more traditional regulatory approach than its last foray into bank accounts.
The ETNs, which are set to start trading on Tuesday, will track gold and silver futures contracts.
So-called authorized participants, or APs, act as gatekeepers for every dollar that enters or exits an ETF.
“Investors are like hyperactive first graders playing musical chairs -- always trying to out-anticipate the other as to when the music will stop.”
Online B/D TradeStation Securities and online brokerage Ally Invest are offering commission-free trading.
Charles Schwab Investment Management will offer 3 new bond ETFs as of Oct. 10.
These funds saw the biggest pots of money flow out of them during the past 30 days.
The new changes will go into effect on Oct. 7, the same day Charles Schwab sets its commissions at zero and days after TD Ameritrade does the same.
Moves by Schwab and TD Ameritrade to eliminate commissions look great on the surface, but advisors know there’s no free lunch.
Does this signal the end of the race to zero?
