Tenev: HFT software cut institutional trading costs by 90-99%
Vlad Tenev · Robinhood CEO: Making Everyone An Owner · Nov 21, 2025 · at 12:45
Vlad Tenev, co-founder and CEO of Robinhood, describes his first financial software company that provided high-frequency trading infrastructure to hedge funds and banks.
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“High frequency disrupt this institutional trading market because suddenly two guys out of MIT or Stanford in our case who could just write code could just disrupt everything. And run the trading book of an extremely sophisticated operation at basically one 10th or one 100th of the cost.”
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