On: Robinhood lays off 23% of staff

[adrr]

All the discount brokers will go back to charging $5 trade. Will be a big loss for retail investors.

[umeshunni → adrr]

> Will be a big loss for retail investors

You mean it will be a big loss for retail traders

[adrr → umeshunni]

If you’re investing monthly or dollar cost averaging into a position. Those $5 per trade add up.

[francoisdevlin → adrr]

Careful, you might turn into a Boggle-head if you follow that logic too far...

[dehrmann → adrr]

Fidelity doesn't get paid for order flow, and it has $0 trades.

[adrr → dehrmann]

Fidelity sells access to their dark pool which is default execution for orders at their brokerage. They make money off their order flow just like RH.

https://www.tradersmagazine.com/departments/brokerage/fideli...