Robinhood to Give Investors Access to Futures, Index Options

Both the new offerings and the trading platform are indicative of Robinhood moving beyond its meme-stock days and into an era of challenging the incumbents.

“In looking at the landscape of trading tools and by talking with active traders, we realized there is frustration with legacy offerings,” Steve Quirk, chief brokerage officer for Menlo Park, California-based Robinhood, said in a statement. “Moving back and forth between apps or charting platforms can be cumbersome and time consuming.”

On the redesigned trading platform, customers can have as many as eight charts in a single window with dozens of settings and access to candle, line and other chart types.

Robinhood’s reworked trading platform is available to customers immediately, while futures trading and index options will roll out in the coming months, the firm said without providing an exact time line.

Tenev has also looked to expand the company into international markets, especially as it offers more cryptocurrency-focused forays. Robinhood pegged the announcement of the updates to the firm’s first customer-focused conference, being held in Miami this week.