2 ms·
I think they can go elsewhere. If Citadel can't beat national best offer, they are supposed to go with the national best offer. https://en.wikipedia.org/wiki/
by QuesnayJr 6y ago
I think they can go elsewhere. If Citadel can't beat national best offer, they are supposed to go with the national best offer.
https://en.wikipedia.org/wiki/National_best_bid_and_offer https://en.wikipedia.org/wiki/National_best_bid_and_offer
- freeone3000 6y agoThey don't do this. See https://nypost.com/2020/12/17/sec-slaps-robinhood-app-with-65m-fine-for-misleading-users/ https://nypost.com/2020/12/17/sec-slaps-robinhood-app-with-6... .
- QuesnayJr 6y agoBut they can. That's why they got into legal trouble with the SEC. See page 4 on the actual SEC document on the case, the section called "Best Execution": https://www.sec.gov/litigation/admin/2020/33-10906.pdf https://www.sec.gov/litigation/admin/2020/33-10906.pdf