4 ms·

Why would you care about PFOF as a retail investor? You're benefiting from it.

• dzink 2y ago
  No you are not. Your orders are not sent to the best exchange execution possible but to market makers who pay kickbacks to your broker and give you a far worse deal with every single transaction. The cost of poor execution is much higher than a 2 dollar commission (which is what Fidelity shows). It also reduces market transparency.
  • ahtihn 2y ago
    > Your orders are not sent to the best exchange execution possible Look up NBBO, that would be illegal. You're getting better execution as a retail trader thanks to PFOF.
    • dzink 2y ago
      I have tried several PFOF and regular brokers. The spreads end execution of PFOF where far worse.