At this point I almost want PFOF banned just so $VIRT will crash and I can buy more of it.
Rip the band-aid, get on with market making life & give investors one less reason to sell.
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PFOF ban ->
$virt goes up. CLOB -> different story. Neither will happen.
If that’s true why does this happen every time Gensler speakshttps://twitter.com/HideNotSlide/status/1402669978269229057 …
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“Gensler speaks” = risk. Open-ended inquiry into wholesaling could result in strange outcomes — eg CLOB. The market share concentration issue — historically, never an SEC concern — also holds potential for mischief. But a PFOF ban? Cuts
$virt expense line. -
I agree with this. It’s just “business model risk premium” being added, not specifically PFOF ban.
End of conversation
New conversation -
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