Robinhood adds AI agents, perps and weekend trading in push to win active traders
In this news:
Key takeaways
- Robinhood is adding weekend trading for a selection of stocks and ETFs.
- Weekend trading will be facilitated through the alternative trading system Bruce ATS.
- New AI agents will allow customers to automate trades for stocks, options, and crypto.
Crypto trades around the clock, every day of the year. This has put pressure on the U.S. stock market, which still trades around a weekday session, even as brokerages and alternative trading systems have expanded equity trading well beyond the traditional 9:30 a.m. to 4 p.m. window.
Both the New York Stock Exchange and Nasdaq have filed to expand their trading hours, while Robinhood launched its 24 Hour Market in 2023. That service still stops on weekends. Robinhood now plans to fill that gap by offering a selection of stocks and ETFs on Saturdays and Sundays through Bruce ATS, an alternative trading system.
Expanding trading hours and weekend access
“More assets, and then more hours,” Fatehpuria said, describing Robinhood's strategy.
Perhaps the bigger break with the traditional brokerage model comes from Robinhood Agents, which the trading platform announced earlier this year.
Introducing automated trading with AI agents
Customers will be able to create an AI agent inside the app, selecting a model from OpenAI or Anthropic, and give it access to a separate trading account. The agent can analyze markets, build watchlists and trade stocks, options and crypto.
It can eventually do that repeatedly without waiting for a new prompt. A feature called Loops will allow customers to give an agent standing instructions to monitor markets and execute a strategy when specified conditions occur.
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