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They don't sell 100% of their order flow, but their firm 606 disclosure says they send significant amounts to Citadel and Virtu.
by mortehu 6y ago
They don't sell 100% of their order flow, but their firm 606 disclosure says they send significant amounts to Citadel and Virtu.
- austhrow743 6y agoEven if they don't receive payment for it, one would certainly hope they're sending their orders to wholesalers and not an exchange. They'd be screwing their customers otherwise.
- mortehu 6y agoThere's no point in hoping, because the 606 forms on their website clearly say they send lots of orders to exchanges too.
- jdreaver 6y agoI wonder if that is just limited to IBKR Lite, their commission free platform https://www.interactivebrokers.com/en/index.php?f=45196 https://www.interactivebrokers.com/en/index.php?f=45196
- tony0x02 6y agoDuring one of the interviews, I think he says that payment for order from is like 1-2% of their revenue.