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Robinhood felt the need to clarify that exchanges and liquidity providers must compete to fill orders at the best price, which ultimately benefits the consumer. Moreover, Robinhood offers rebates to liquidity providers in order to incentivize them to lower their price.
Furthermore, the platform claimed that they do not sell their customers data, personally identifiable data of any kind to execution venues. Robinhood claims to take the privacy and security of their customers “extremely seriously” and that they have not sold their customer information in the past and neither will they in the future.
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