Robinhood CEO Defends High-Frequency Trading in Latest Blog Post
- Says customers don’t understand financial system’s plumbing
- CEO says this post will be part of occasional series
Vlad Tenev
Photographer: Alex Flynn/BloombergThis article is for subscribers only.
Robinhood Markets Chief Executive Officer Vlad Tenev defended the role high-speed traders play in modern markets following criticism over its decision to halt purchases of “meme stocks” last month.
A crucial problem is that many investors don’t understand the “plumbing” of how financial markets work -- including what high-frequency traders do, Tenev said in a .