Under the practice, called payment for order flow, brokerage firms sell the right to execute retail investors’ trades to bigger trading houses, which make tiny profits on the difference between the buying and selling prices. Gensler himself had suggested that some notable options were on the table - particularly regarding the way some popular retail brokerages, like Robinhood, are compensated by bigger Wall Street firms. The report was highly anticipated after months of speculation that the commission’s chairman, Gary Gensler, could seek aggressive structural changes to the way the American stock market works.
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