Robinhood launches its own independent trade clearing system that will allow it to settle and clear transactions, and custody assets (Kate Rooney/CNBC)

Kate Rooney / CNBC:
Robinhood launches its own independent trade clearing system that will allow it to settle and clear transactions, and custody assets  —  - Robinhood spent two years quietly building its own clearing system so it wouldn't have to rely on an external firm to clear and settle transactions, or custody assets.



from Techmeme http://www.techmeme.com/181010/p10#a181010p10