ST Alpha - "That's part of why they are popular." (Reading a Post)

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In response to "They make no money on people trading stocks? -- nm" by Krusty

That's part of why they are popular.

Posted by ty97 Jan 28 '21, 05:55

The company's revenue comes from three main sources: interest earned on customers' cash balances, selling order information to high-frequency traders (a practice for which SEC opened a probe into the company in September 2020[8]) and margin lending.

Responses:

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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That's part of why they are popular.

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