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Rise of the retail army: the amateur traders transforming markets

A few months ago, these so-called retail traders were a quirky sideshow in US stocks, dabbling in markets to fend off the boredom of coronavirus lockdowns

©The Financial Times Limited 2020 Mar 9, 2021 / 11:30 AM IST
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Rise of the retail army: the amateur traders transforming markets

Katie Martin in London and Robin Wigglesworth in Oslo When newcomers discover Robinhood, and decide to use the zeitgeist US trading platform to punt around in stocks, many of them have questions. Chief among them, it seems, is “what is the stock market?”. Along with “what is the S&P 500?”, that is one of the most commonly visited educational pages on the broker’s website, according to a new paper by academics at Oklahoma State and Emory universities. But what Robinhood’s army...

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