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> Robinhood customers’ orders were executed at prices that were inferior to other brokers’ prices. Is there any way for the casual consumer to compare the qual
by jrochkind1 6y ago
> Robinhood customers’ orders were executed at prices that were inferior to other brokers’ prices.
Is there any way for the casual consumer to compare the quality of execution of various brokers?
- tedunangst 6y agoThose contracts are generally secret. You have to trust your broker will negotiate a good split on your behalf. (Or hope the SEC will smack them if they don't, as happened to RH.)
- getToTheChopin 6y agoI don't think that info is public. Also, Citadel Securities (the MM who is Robinhood's largest source of revenue) has been fined for front-running customer orders in the past. https://www.bloomberg.com/news/articles/2020-07-21/citadel-securities-fined-by-finra-for-trading-ahead-of-clients https://www.bloomberg.com/news/articles/2020-07-21/citadel-s...