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My assumption here is that by "no-commissions" they mean that they're only making the bid/ask spread on transactions as a market maker?
by cal5k 9y ago
My assumption here is that by "no-commissions" they mean that they're only making the bid/ask spread on transactions as a market maker?
- paulgb 9y agoI don't think they are making the market themselves, but my understanding is they are paid for order flow from those who do. I can only imagine the data is worth quite a bit too, assuming their EULA allows them to sell it.
- cal5k 9y agoAh interesting. So they can't front-run their own clients, but they can sell the data to others who will? ;-)