Re:SEC charges Robinhood $65M for misleading customers about...
by pclmulqdq on Thursday December 17, 2020 @11:09PM
(#25463743)
IBKR does some of its trading off-exchange like the PFOF types, but they do it in-house, not on a paid-for basis. If you see "SMART" in the routing of an order on IBKR pro, often that order went to one of their darkpools or was filled by them off-exchange (at a price better than the NBBO).
The price improvement per share also sometimes comes from exchange rebates that they pass through to customers.
The price improvement per share also sometimes comes from exchange rebates that they pass through to customers.