Excellent explainer that's worth a read [1] and it's HN thread [2] tl;dr: Interest, payment for order flow, and securities lending (but mostly interest) [1] h

Excellent explainer that's worth a read [1] and it's HN thread [2] tl;dr: Interest, payment for order flow, and securities lending (but mostly interest) [1] https://www.kalzumeus.com/2019/6/26/how-brokerages-make-money/ https://www.kalzumeus.com/2019/6/26/how-brokerages-make-mone... [2] https://news.ycombinator.com/item?id=20276551 https://news.ycombinator.com/item?id=20276551