Quite ironic. The original Robin Hood took from the rich and gave to the poor. Robinhood, the app, seems to do the exact opposite: it helps the rich get richer at the expense of regular folk.

I disagree, AI agents could help level the playing field. Citadel doesn't have any AI models that are better than what you or I have. Market data is more accessible than ever. As LLMs get better at trading, the difference in capability between you and a professional trader gets smaller.

Also, Claude knows about a lot of the traps that consumers can fall into: spread, execution, risk concentration, etc. -- high chance that if I tell Claude I'm thinking of going all in on AMC because some Reddit post told me to, it'll say "slow down cowboy"

Especially because it will reduce the entropy that constrains the big guys from building a Dutch book (money pump) against the little guy.

I am sure there are some very happy people in the larger firms due to this news.

Even better for America's well being will be if thousands of individual investors have identical or near identical bots for sophisticated financial institutions to exploit while they sleep.

And not just informed professional traders -- also insiders with privileged information about world events that let them trade before the news hits. Now AI agents are going to be chasing phantom signals that look like they might be evidence of an insider's move.

LOL. This is the outcome when a Product Manager sits there and says "You know, people just aren't losing enough money on sports betting and gambling apps. How can we fix this?"

And the one time an internet meme exploded a stock they literally hid the buy button from their UI. At least they have confetti animations.