ST Alpha - "They're about to lose a lot of customers -- nm" (Reading a Post)

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In response to "Ultimately it's up to the broker what they want to offer. -- nm" by Reagen

They're about to lose a lot of customers -- nm

Posted by Krusty (aka Krustylu) Jan 28 '21, 05:50

(No message)

Responses:

They make zero money from zero commissions and their order flow data is worthless as long as this goes on. -- nm - spamlet Jan 28, 05:52 10
- They make no money on people trading stocks? -- nm - Krusty Jan 28, 05:53 9
  - pretty much nobody makes their money that way anymore -- nm - decline Jan 28, 05:58
  - Not directly no. - spamlet Jan 28, 05:55 3
    - Thanks. Retail investing seems like a foolish idea for 99% of people -- nm - Krusty Jan 28, 06:02 2
      - *ding* -- nm - spamlet Jan 28, 06:12
      - There's a reason I tend to invest in ETFs and not individual stocks -- nm - ty97 Jan 28, 06:04
  - That's part of why they are popular. - ty97 Jan 28, 05:55 3
    - Interesting -- nm - Krusty Jan 28, 06:01
    - The SEC probe is because they didn’t disclose the order flow revenue. Not that it’s illegal. - spamlet Jan 28, 05:56 1
      - yeah, I was just pasting a copy of their revenue system from wiki -- nm - ty97 Jan 28, 05:58

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