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If you’re not paying for it, you’re the product. In this case they’re selling your order flow.
by ummonk 7y ago
If you’re not paying for it, you’re the product. In this case they’re selling your order flow.
- deleted 7y ago[deleted]
- robjan 7y agoThat only really matters if you only place market orders. And even then the routing may result in a better execution price than going straight to the exchange.
- perl4ever 7y agoMy understanding is it would be illegal if it didn't result in a better price.
- perl4ever 7y agoPeople pay for order flow because retail customers are, on average, idiots. If you didn't get paid, you'd still be just as smart or dumb as you ever were, you just wouldn't be getting a rebate.
- pg_is_a_butt 7y agoSo I guess the 6 figures I gave them wasn't enough? Holding money is very profitable. Some genius at the fed decided it was smart to let them lend out 10x the amount of deposits... invent money out of thin air. For every $1 you give them, they are allowed to pretend they have $9 for themselves. It's a rigged joke.