Great thread about the retail trading landscape. One thing I would add is that even if PFOF goes away it's highly unlikely that we'll go back to a world with $5/trade commissions because it was both a bad customer experience and not necessary for the brokerages to make $$$https://twitter.com/HideNotSlide/status/1404780934562471943 …
It's not been publicly confirmed but there is speculation that Jump internalizes Robinhood crypto flowhttps://frontmonth.substack.com/p/the-usain-bolt-of-electronic-trading …
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Crypto must present different market-making challenges, as I would imagine there is much less tendency for a relatively balanced flow of buyers and sellers around a price level and more potential for sustained buying/selling pressure at any particular point in time.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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