9 ms·
Not relevant to the discussion but why is it illegal? Would save a lot of transaction fees ...
by julkali 4y ago
Not relevant to the discussion but why is it illegal? Would save a lot of transaction fees ...
- ravel-bar-foo 4y agoProbably because the counterparty is the dealer, so the dealer has to manipulate prices and terms in their favor to turn a profit. Also, since no actual stocks trade hands, there is no effect on stock price and no investment value.