(Robinhood Markets, Inc.) A financial services company founded in 2013 by Vladimir Tenev and Baiju Bhatt, developers of high-frequency trading platforms. Robinhood derived its name from Robin Hood, a 13th century legendary outlaw, who robbed the rich and gave to the poor.
With the Robinhood app, users can trade stocks and crypto commission-free, and in some states can bet on politics, economics, sports and pop culture. The company derives revenue from its customers' cash balances and fees from selling trade data to high-frequency traders. See
high-frequency trading.