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by mrep
2225 days ago
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No, they sell order flow because market makers know discount brokerage users are uninformed and thus less risky to buy and sell from. However, they actually give you better prices than the public market offers and they have to or else the SEC would fine them [0]. Your link is just about robinhoods shitty infra that couldn't handle their user load and has nothing to do with order flow. [0]: https://www.kalzumeus.com/2019/6/26/how-brokerages-make-mone... |
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