4 ms·
Re marking up the spread: That is against the law and not really possible the way the market works (market forces push down spreads bc there is value to liq pr
by encoderer 10y ago
Re marking up the spread:
That is against the law and not really possible the way the market works (market forces push down spreads bc there is value to liq providers to capture order flow. Brokers have to display best quote). You are guaranteed a crack at the best bid/offer. See: reg NMS
- lewisl9029 10y agoThanks for the correction. The practice definitely sounds shady enough to be outlawed, but the finance industry has countless similarly shady practices that are constantly being abused because they lie in legal gray areas. Glad to know this is not one of them.
- encoderer 10y agoI mean, Theranos, so on more thought, YMMV!