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Most retail brokerages do this, and the information is regularly made public by law. https://www.schwab.com/public/schwab/nn/legal_compliance/important_notices
by mortehu 7y ago
Most retail brokerages do this, and the information is regularly made public by law.
https://www.schwab.com/public/schwab/nn/legal_compliance/important_notices/order_routing.html https://www.schwab.com/public/schwab/nn/legal_compliance/imp... shows that Schwab sends less than 1% of orders to exchanges.
- perl4ever 7y agoPeople take offense at the idea someone is profiting off their stupidity, even if it's objectively making them better off because they get a kickback.