Showing posts with label payment for order flow. Show all posts
Showing posts with label payment for order flow. Show all posts

Jul 3, 2023

Miguel del Gallego on Robinhood's pay for order flow business model

The argument can be made that its real end clients are these high frequency traders who are actually taking this information and trading against what's referred to as uninformed investors.

~ Miguel del Gallego, ClearBridge Investments analyst, "In the Wake of GameStop, A New Test for Robinhood," Barron's, February 6, 2021