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No, because if they do direct execution, that means they don't send the orders to the brokers who are giving them the PFOF. If you send it direct to NYSE or Nas
by dmurray 6y ago
No, because if they do direct execution, that means they don't send the orders to the brokers who are giving them the PFOF. If you send it direct to NYSE or Nasdaq, the exchange charges you, not pays you.
- SpicyLemonZest 6y agoI see. That does seem pretty problematic for them.