Robinhood Gold now with level2(Nasdaq)
- Thread starter qlai
- Start date
Isn't this considered a "not so very good" brokerage?
What are the actual costs per trade or per share? From someone who has been there, done that. I can read, too, but what someone writes doesn't always tell the whole story or tell it unmbiguously or obviously.
On the face of it, looks like a pretty good deal, especially for the level 2 data.
What are the actual costs per trade or per share? From someone who has been there, done that. I can read, too, but what someone writes doesn't always tell the whole story or tell it unmbiguously or obviously.
On the face of it, looks like a pretty good deal, especially for the level 2 data.
Robinhood: Payments for Order Flow 2018, Up 227%
http://alphacution.com/us-equity-pa...il&utm_term=0_98541b806d-4d33f081a4-204597581
http://alphacution.com/us-equity-pa...il&utm_term=0_98541b806d-4d33f081a4-204597581
Are there any statistics which show that PFOF results in worse execution quality than internalization? I have not seen any. My view is that if the broker doesn't invest in it's infrastructure (retail brokers have no incentive to), then I would rather HFTs do the internalization and routing ... At least they know what they are doing and have the tech to do a decent job. I doubt retail brokers even have the data feeds required to do it properly. There, got it off my chest.