4 ms·
Not to mention they are screwed if congress passes legislation to ban selling order flow to firms like Citidel.
by Bluecobra 4y ago
Not to mention they are screwed if congress passes legislation to ban selling order flow to firms like Citidel.
- adrr 4y agoAll the discount brokers will go back to charging $5 trade. Will be a big loss for retail investors.
- umeshunni 4y ago> Will be a big loss for retail investors You mean it will be a big loss for retail traders
- adrr 4y agoIf you’re investing monthly or dollar cost averaging into a position. Those $5 per trade add up.
- francoisdevlin 4y agoCareful, you might turn into a Boggle-head if you follow that logic too far...
- dehrmann 4y agoFidelity doesn't get paid for order flow, and it has $0 trades.
- adrr 4y agoFidelity sells access to their dark pool which is default execution for orders at their brokerage. They make money off their order flow just like RH. https://www.tradersmagazine.com/departments/brokerage/fidelity-launches-block-trading-dark-pool/ https://www.tradersmagazine.com/departments/brokerage/fideli...