Any investor who buys $HOOD while also wanting PFOF banned and the Evil HFT firms punished is a hypocrite
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They can internalize order flow
true, but 80% of their revenue would go away in that case. They can internalize all they want but if PFOF were banned their primary source of revenue would evaporate overnight.
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if the current PFOF system creates an inherent conflict of interest between brokers and their customers, wouldn't internalizing order flow more of that problem?
End of conversation
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