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Benzinga
Benzinga
Business
Vandana Singh

Robinhood Working On Stock-Lending Feature, Competes With Fidelity, Morgan Stanley: Bloomberg

Robinhood Markets Inc (NASDAQ:HOOD) is working within its app to allow users to loan out their stocks to other financial institutions to compete with more conventional brokerages. 

The program, known as fully paid securities lending, could be available in the coming months, said Robinhood. Work on the feature appeared in a beta version of its iPhone app. 

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