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In fact the retail investor can get an even better deal than the bid ask spread through internalization of the flow, but that comes in the form of paying no com
by murbard2 9y ago
In fact the retail investor can get an even better deal than the bid ask spread through internalization of the flow, but that comes in the form of paying no commissions. The marginal cost of a retail trade for a broker is negative (but acquiring the customer is still expensive).