Robinhood readies feature that lets users lend out stocks
The feature appeared in a beta version of its iPhone app. Code describing the service — dubbed Stock Loan Income Program, or SLIP — was discovered by developer Steve Moser.
Robinhood Markets Inc.’s plan to let users lend their stocks to other financial institutions — a program known as fully paid securities lending — is taking shape within its app, part of a push to compete with more conventional brokerages.
Work on the feature, which Robinhood has said could
Learn more about reprints and licensing for this article.
