Robinhood Unlocks CME Group’s Futures For More Trading Options
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CME Group and Robinhood Derivatives, LLC have started offering futures trading on the Robinhood mobile app. The rollout will grow over the next few weeks to reach all Robinhood customers in the United States who can use it.
Julie Winkler, the Chief Commercial Officer at CME Group noted that Interest in futures has jumped as a new group of self-directed traders is looking for different investment chances.
Robinhood Aims To Provide More Products And Learning Tools
The futures include five main asset groups. These include contracts linked to the S&P 500, Russell 2000, Nasdaq-100, and Dow Jones Industrial Average. Other choices include Bitcoin major currency pairs, ether, gold, silver, crude oil, copper, and natural gas.
According to Winkler, giving retail investors access to futures trading is an important step in helping and teaching this new group of investors. He added that the team look forward to working with Robinhood to keep giving the products and learning tools needed to enter today’s key markets.
JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood said the firm is giving a smooth new mobile trading ladder that the team built from the ground up. It lets customers trade easily and quickly with just a tap.
CME Group gives learning tools through CME Institute and Futures Fundamentals. These comprise webinars, online lessons, and guides. Robinhood also provides learning resources, such as futures articles and soon-to-come YouTube videos that explain how futures trading works.
Mackenzie added that this fresh experience, along with low fees, makes Robinhood a smart choice for futures trading.
In October 2024, Robinhood Markets grew its services by adding futures trading, index options, and a new desktop platform called Robinhood Legend, according to reports.
Robinhood Partnered With Cboe Global Markets To Launch Index Options
Robinhood also teamed up with Cboe Global Markets to launch index options, including VIX, S&P 500, and Russell 2000 options. This was done to meet the rising interest in advanced trading resources among retail investors.
The firm also rolled out futures trading on assets like oil, the S&P 500, and Bitcoin. Robinhood Legend, a digital platform, gives advanced charts and real-time data to draw in active traders.
Robinhood recently agreed to pay $45 million to settle different SEC charges against its brokerage business. According to the SEC’s order, the problems at Robinhood Securities and Robinhood Financial were linked to failures to quickly check suspicious trades and to set up proper rules to keep customers safe from identity theft.
One more charge covers a long-term failure to fix known dangers from a cybersecurity weakness that let millions of remote access customer accounts be downloaded illegally. According to the regulator, Robinhood failed to keep and save electronic messages as needed under federal securities laws.
