4 ms·

This is just noting that different brokers give different performance That doesn't really have anything to do with pfof (TD Ameritrade gives better execution a

by wrsh07 2y ago

This is just noting that different brokers give different performance That doesn't really have anything to do with pfof (TD Ameritrade gives better execution and receives pfof) https://news.ycombinator.com/item?id=42378516 https://news.ycombinator.com/item?id=42378516

loeg 2y ago
Presumably a market maker would pay (PFOF) slightly more to deliver slightly worse execution (keeping the spread).
- wrsh07 2y ago
  Sure that sounds plausible but it's literally not what happens in practice (see the other comment I linked that discusses research on this very thing)
  - loeg 2y ago
    Yeah, I've seen the Levine column on it.