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I'm amazed that it still takes this long to clear financial transactions. Seems like no matter what retail customers always get the short end.
by Red_Leaves_Flyy 6y ago
I'm amazed that it still takes this long to clear financial transactions. Seems like no matter what retail customers always get the short end.
- u678u 6y agoHonestly with free stock trading retail is getting a pretty good deal. People can complain all day but it isn't a profitable business any more.
- rswail 6y agoSo what you're saying is by disintermediating share/derivative trading, one level of middlemen has been made obsolete? Sort of like travel agents and airfares? Why is this a problem? The fact that the share trading market is keeping these middlemen in place is part of the exploitation of the process. Market makers perform a useful function in terms of maintaining an orderly market. Brokers don't. Especially ones that offer credit to their customers, thus hiding the risk to the counterparties of a trade.