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People care way too much. Brokers used to take huge commissions, now the HFT market makers really aren't as exploitative as people's imaginations believe. Virtu
by rr888 4y ago
People care way too much. Brokers used to take huge commissions, now the HFT market makers really aren't as exploitative as people's imaginations believe. Virtu is a good example, its a $3B market cap, less than half the size of Twilio.
- sesuximo 4y agoKind of an interesting comparison. According to Wikipedia, virtu is about 1/8 the size. But other than headcount and apparently market cap they seem fairly close by the numbers.
- rufus_foreman 4y ago>> People care way too much I agree with this, as an individual investor, from my perspective the most likely thing that happens is that the SEC screws things up. I started out paying what in today's money would be $50 a trade to buy or sell a stock. So for a $2000 trade, that's going to mean starting out down 5% on trading costs ($50 buy + $50 sell). Now I pay nothing. Does it matter if I pay $50.01 or $50.005 per share on a trade? No, it does not. Leave it alone and let the brokerages compete, they're not monopolies. I much prefer the current system to even a small risk of having to go back to commissions.