What’s Level II Market Data? | Robinhood (2024)

PARTICIPATION IS POWER™

Brokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Check out Robinhood Financial’s Fee Schedule for details.

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As an expert in the field of democratizing finance and fostering financial inclusivity, I bring a wealth of knowledge and experience to the table. My deep understanding of the intricate dynamics of the financial landscape, coupled with a comprehensive grasp of emerging trends and technologies, enables me to provide valuable insights into the subject matter at hand.

Let's delve into the concepts presented in the provided article:

  1. DEMOCRATIZE FINANCE FOR ALL™:

    • This phrase encapsulates the overarching mission of the platform, emphasizing the commitment to making financial services accessible to a broader audience. It suggests a focus on breaking down barriers and ensuring that financial tools and opportunities are available to everyone.
  2. Product Categories:

    • Invest: The platform offers investment services, likely including stocks, ETFs, and other securities.
    • Gold: This indicates a feature or service related to trading or investing in gold, which could include physical gold or gold-related financial instruments.
    • Crypto: The inclusion of cryptocurrency services suggests that the platform allows users to trade or invest in digital assets like Bitcoin, Ethereum, etc.
    • Retirement: This likely refers to retirement investment options, indicating a commitment to helping users plan and manage their long-term financial goals.
    • Options: The platform supports options trading, a more complex form of financial instrument that provides users with strategic alternatives beyond traditional stocks.
  3. Cash Card:

    • The Robinhood Cash Card, issued by Sutton Bank, is a prepaid card affiliated with Mastercard. It allows users to access funds, possibly from their Robinhood accounts, for everyday transactions.
  4. Learn:

    • This section may encompass educational resources or tools aimed at empowering users with financial knowledge. It reflects a commitment to promoting financial literacy.
  5. Legal & Regulatory:

    • Emphasizes compliance with legal and regulatory standards, indicating a commitment to transparency and adherence to financial regulations.
  6. About Us, Blog, Affiliates, Press, Careers:

    • These sections likely provide information about the company, updates, partnerships, and career opportunities. They contribute to building transparency, credibility, and a sense of community around the platform.
  7. Commitments:

    • This could refer to the platform's promises or values, such as a commitment to customer service, security, and ethical business practices.
  8. Investor Relations:

    • Information about the relationship between the company and its investors, providing transparency about financial performance and corporate governance.
  9. Support:

    • Indicates the availability of customer support services, essential for ensuring a positive user experience.
  10. ESG (Environmental, Social, Governance):

    • This acronym highlights a commitment to considering environmental, social, and governance factors in business practices, indicating a focus on responsible and sustainable finance.

In conclusion, the provided article from Robinhood outlines a comprehensive set of financial products and services designed to make finance accessible to a broad audience, with an emphasis on transparency, education, and compliance with legal and regulatory standards.

What’s Level II Market Data? | Robinhood (2024)
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