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Robinhood launches its own trade clearing system as customer growth surges

CNBC.com
Robinhood launches its own trade clearing system as customer growth surges

Online brokerage Robinhood just paved the way for expansion by getting rid of a key middleman. The fintech startup, famous for its zero-fee trading platform, spent the past two years building an independent clearing system that will allow it to settle and clear transactions, and custody assets, the company