You're indirectly paying the float during that settlement period. There's also a whole clearing industry that you're funding with your fees even though more ef

You're indirectly paying the float during that settlement period. There's also a whole clearing industry that you're funding with your fees even though more efficient technologies could mostly eliminate it. Like yeah, it's fun going to fancy restaurants with your salesperson from the clearing firm, but the only reason they can do that is due to massive amounts of rent-seeking. The more I work in finance, the more I think any high touch sales activity is an indication of a broken/corrupt market.