People also think they are anomalously well informed about this because they read a reporter, who thinks they are well informed about this, regurgitate Michael Lewis, who thinks he is well informed about this, paraphrase Brad Katsuyama, who thinks he is well informed about this.
-
-
Show this thread
-
You know who is actually well informed about this? The #%(#)%()#% computer which generated the "(%)()0%# number on page 31 of Schwab's 2018 10-k. That computer is #%)&()#& well informed about this. It reliably reports that PFoF is a rounding error 1/5th size of comissions.
Show this thread
End of conversation
New conversation -
-
-
I am not so sure you can measure the indirect consequences of it
-
Such as? Brokerages are legally required to measure lots of execution statistics.
- 1 more reply
New conversation -
-
-
On the other hand, the existence of “payment for order flow” is good evidence that individuals should not try and pick stocks.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I see this meme mostly from non-investors who believe that the market is rigged and cite it as evidence. The only investors I see repeat this meme are those who believe that their trading platform is "superior" and are generally ignorant of how their orders are filled.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.