2 ms·
GP is confused. The market orders from retail investors are measured in hundreds to thousand share, mostly 100s rather than 1000, with 100x100 or 200x200 being
by notyourday 7y ago
GP is confused. The market orders from retail investors are measured in hundreds to thousand share, mostly 100s rather than 1000, with 100x100 or 200x200 being a typical live quote on a 1000x1000 As soon as the retail investor starts throwing more than 1k orders they become limits.
All the talk about RH being a bogey man with it selling order flow is b.s. peddled by those who either suck the teat of the retail investors directly or those that live off the spoils from those that such those teats. Wall St is terrified that tech is coming to eat its margins -- that's why we get all this.
P.S. I'm not a fan of RH at all - 99% of the people who use it should buy an ETF with a 0.01-0.03% expense ratio and be done but if a random college jock that does not have a PhD in math can make $200k/year first year out of college in a Wall St firm, Wall St needs to get a haircut.