Everyone sells order flow. It’s: do you want sale of your order flow to be the only fee you pay or do you want to pay commissions on top of that, too?
Re:Robinhood S-1 IPO
by twobitshifter on Thursday July 01, 2021 @09:18PM
(#27706903)
That’s not true. Fidelity does not receive pfof.
Their 606 disclosure does have PFOF https://clearingcustody.fidelity.com/app/proxy/content?liter...
Re:Robinhood S-1 IPO
by twobitshifter on Friday July 02, 2021 @06:12AM
(#27709749)
First I’ve heard that. I looked it up and this is for options not equity.
https://www.spglobal.com/marketintelligence/en/news-insights...
I think the order flow model is better for most retail traders. Obviously, if you're buying $20k in stock at a time, paying the fees will be better, but that's not your average Robinhood user.