Wow. The investing app Public says it will no longer participate in payment for order flow and instead introduce a tipping feature.https://medium.com/the-public-blog/aligning-with-our-community-300885799d03 …
Interesting. In effect, this amounts to further margin compression by the discount brokers. Free trades, no PFOF, the only income streams left are lending fees for cash & stock. Brokers are becoming banks faster than anyone could predict...
