Robinhood has launched its own in-house clearing service to clear and settle trades, a step to fully control the technology and operations of its wealth management business.  The new service required building a 70 person team at its new "Major Oak" clearing center in Florida. The $5.6 billion startup announced Wednesday that it has completed a two-year effort to build and launch its own in-house clearing provider that will allow it to save money and improve trading for its 6 million customers, cofounder and CEO Vlad Tenev told Business Insider.