We've come a long way from the classic image of stock trading.

我們已經從股票交易的經典形象中走了很長的路。

There are still men in loud jackets here on Wall Street.

在華爾街這裡還有穿著響亮夾克的人。

Now that you don't have to be a trader to trade stocks, you could do it right on your phone through APS like Robin Hood.

現在，你不一定要成為交易員才能交易股票，你可以像羅賓漢一樣通過APS在手機上直接交易。

Robin Hood let everyday people buy and sell shares without charging any fees.

羅賓漢讓每天的人買賣股票不收取任何費用。

But it comes with a catch.

但它有一個陷阱。

It's called payment for order Flow, and it's illegal in most markets in the world, including the United Kingdom.

這就是所謂的 "訂單流 "支付，在包括英國在內的世界大多數市場都是非法的。

Now American politicians want to hear from this man.

現在美國的政客們都想聽聽這個人的意見。

Robin Hood's chief executive, Vlad tentative about why his company relies on this controversial practice.

羅賓漢的首席執行官弗拉德試探性地講述了他的公司為什麼依靠這種有爭議的做法。

So let's take a look at how it works.

那麼我們來看看它是如何工作的。

Investors place orders through Robin Hood.

投資者通過羅賓漢下單。

Robin Hood sells those orders to investment firms.

羅賓漢把這些訂單賣給投資公司。

Those firms execute the orders on behalf of Robin Hood's investors.

這些公司代表Robin Hood的投資者執行訂單。

Remember the Gamestop saga?

還記得Gamestop的傳奇嗎？

Small investors rushing to buy shares in a struggling video game retailer all to inflate the price and give a black eye to some major Wall Street players betting against game stock.

小投資者急於買入一家陷入困境的電子遊戲零售商的股票，都是為了抬高價格，並給一些華爾街的大戶押注遊戲股票帶來黑眼圈。

One of the biggest middleman executing orders to buy game stock shares for Robin Hood's customers was Citadel Securities.

為Robin Hood的客戶執行購買遊戲股票訂單的最大中間商之一是Citadel Securities。

So why, you might ask yourself, Would citadel by orders?

那麼，你可能會問自己，為什麼會按命令城堡？

What is it they say about knowledge?

他們說什麼是知識？

Is power Investment firms get market data they give Robin Hood cash on?

電力投資公司獲得的市場數據是他們給羅賓漢的現金嗎？

Robin Hood is able to give individual investors free trades.

羅賓漢能夠給個人投資者免費交易。

The debate over payment for order flow bus back into the spotlight when Robin Hood briefly restricted its customers from buying more Gamestop shares, angering many of its users.

當羅賓漢短暫地限制客戶購買更多的Gamestop股票時，關於支付訂單流量總線的辯論再次成為焦點，激怒了許多用戶。

How is that a free market with in any way that's not a free market that sounds like communism thes air, dirty, dirty people?

這怎麼會是一個自由市場，以任何方式，這不是一個自由市場，聽起來像共產主義的空氣，骯髒，骯髒的人？

They deserve jail time.

他們應該坐牢。

It also led to accusations that Robin Hood put the interests of Citadel ahead of its own users, charges that both Robin Hood on Citadel deny.

這也導致了羅賓漢將Citadel的利益置於自己用戶之上的指責，羅賓漢對Citadel的指控都予以否認。

But the damage is done.

但傷害已經造成了。