Technologists talk a good game about being numerically oriented and rational but they love, love, love their "Wall Street is picking your pockets via payment for order flow" meme. That claim about reality can be evaluated, with numbers. It is false.
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Are finance companies treating 20% as a rounding error?
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It is 20% of the MARGINAL LINE OF BUSINESS THEY JUST TURNED OFF FOR A MARKETING WIN.
End of conversation
New conversation -
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look at market cap of
$VIRT they handle something like 20%+ of order flow & are only valued at $3 billion. they priced their 2015 IPO at $19 a share in 2015 & are today valued at under $16 a share.Thanks. Twitter will use this to make your timeline better. UndoUndo
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