Robinhood made more from individual first-quarter trades than its legacy rivals, according to Piper Sandler research. The discount brokerage made $0.0024 for every stock trade, beating out TD Ameritrade, Charles Schwab, and E-Trade. Equities trades netted Robinhood more than $31 million, second to TD Ameritrade's nearly $73 million windfall. Charles Schwab and E-Trade brought in roughly $22 million and $19 million, respectively, according to Piper Sandler. Robinhood was likely able to charge a higher rate due to greater profitability in its order flow, managing director Richard Repetto and analyst Kyle Robinson wrote ... (full story)