Any investor who buys $HOOD while also wanting PFOF banned and the Evil HFT firms punished is a hypocrite
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I'm not sure I see the point of eliminating PFOF if you don't also address issues that keep order flow off exchange. Addressing PFOF should mean a higher bar for off exchange execution, ala Canadian dark rules. I've never thought of PFOF in isolation, seems like a red herring.
I don't disagree, off-exchange execution has become more attractive because of: 1) secrecy - less likely to get picked off/info leakage 2) cost effectiveness - can do better than NBBO It's hard for an exchange to compete in today's environment
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Right, and #1 isn't precluded by those kinds of rules. Whether they're doing better than NBBO is impossible to determine absent the return of retail flow to exchange, if spreads are materially wider due to segmentation.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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after picking the name, hand my orders to voice securities brokers. Have observed that the smaller the listing, the more they route to lit. Feel the more smth is owned by ETP/Indexed, the less competitive it is for lit venues.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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