since GME/AMC-palooza is back on the TL (for some reason, can’t imagine why!) i thought it might be useful to review the fundamentals of the business relationship between MMs and retail brokerages
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They won’t reply to this, for some reason they want us to ignore every single country that’s said it’s an abusive practice and pretend like market makers and hedge funds from the same parent company wouldn’t benefit from it or use the information to collude amongst eachother…
I didn't reply because the UK doesn't have PFOF for equities, the paper you posted explicitly says so. I've highlighted in an effort to help you learn The UK system does separate retail flow from lit exchange flow using the RSP model, but that's a different ball of waxpic.twitter.com/vfG92VhCXB
