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They could (you know, theoretically) copy Robinhood's business model and its evolution - allow users to trade algorithmically with their own accounts, offer the
by huac 9y ago
They could (you know, theoretically) copy Robinhood's business model and its evolution - allow users to trade algorithmically with their own accounts, offer them up as sacrificial lambs to HFT, and then offer credit, and so on.
- unixhero 9y agoUhm, isn't that what they are doing? :)
- javiramos 9y ago"offer them up as sacrificial lambs to HFT" what do you mean?!
- samsonradu 9y agoAll the orders placed are sent to HFT traders before confirmation so they can take advantage of the information. There is even a commercial on Bloomberg for a broker that explicitly says they don’t sell out your orders like others do.