Finance
Robinhood to Give Traders Access to Futures, Index Options
- Futures contracts to include stock indexes, currencies, metals
- ‘These products fill a need,’ Robinhood CEO Vlad Tenev says
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Robinhood Markets Inc. is broadening its offerings to futures trading and index options as the retail brokerage aims to attract more sophisticated investors to its platform.
The futures contracts investors will be able to trade include stock indexes, currencies, metals and energy including natural gas and crude oil, with an access commission of 50 cents for Robinhood Gold members and 75 cents for other customers. Cryptocurrency futures will also be available, the company said Wednesday, confirming an earlier Bloomberg News report.