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SpicyLemonZest
on Dec 23, 2020
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Robinhood was indeed too good to be true
Interesting, I didn't know that. Is it plausible that Robinhood could rescue their business model by just saying they're doing direct execution now?
dmurray
on Dec 23, 2020
[–]
No, because if they do direct execution, that means they don't send the orders to the brokers who are giving them the PFOF. If you send it direct to NYSE or Nasdaq, the exchange charges you, not pays you.
SpicyLemonZest
on Dec 23, 2020
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I see. That does seem pretty problematic for them.
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