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by loeg 552 days ago
Presumably a market maker would pay (PFOF) slightly more to deliver slightly worse execution (keeping the spread).
1 comments
wrsh07 550 days 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)
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loeg 550 days ago
Yeah, I've seen the Levine column on it.
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