Re:Fast Trader Pulled a Fast One on Some Customers
by hedmundson on Wednesday January 18, 2017 @12:58PM
(#13428528)
I think you missed part of the article. Citadel's actions lead to lower prices for retail. Their actions are saving you money
"But the weirdest part is that Citadel is selling you the stock for a lower price than what's available on the public exchanges. For instance, if the public exchange shows the stock offered at $40.02, Citadel will sell you that same stock for $40.016, saving you like 40 cents on a 100-share order. (This is called "price improvement.") It's giving you a (slightly) better deal than you'd get elsewhere!"
"But the weirdest part is that Citadel is selling you the stock for a lower price than what's available on the public exchanges. For instance, if the public exchange shows the stock offered at $40.02, Citadel will sell you that same stock for $40.016, saving you like 40 cents on a 100-share order. (This is called "price improvement.") It's giving you a (slightly) better deal than you'd get elsewhere!"