1/10
Hey Chucky,
The outrage is geared toward your juvenile, antagonistic, short-sided, unprofessional, dull, machismo, over-compensating rhetoric.
PFOF, while cleverly advertised to offer appearance of free trading, harms the every day people (@FoxBusiness viewers)
Hey Chucky,
The outrage is geared toward your juvenile, antagonistic, short-sided, unprofessional, dull, machismo, over-compensating rhetoric.
PFOF, while cleverly advertised to offer appearance of free trading, harms the every day people (@FoxBusiness viewers)
https://twitter.com/CGasparino/status/1426298539450290178
2/10
—who are wanting fairness and transparency in our markets in many ways
Not least of all by introducing a conflict of interest between their Brokers like @RobinhoodApp and their fiduciary duty to provide best execution.
—who are wanting fairness and transparency in our markets in many ways
Not least of all by introducing a conflict of interest between their Brokers like @RobinhoodApp and their fiduciary duty to provide best execution.
3/10
This is a clearly documented phenomena, have a look here: sec.gov/news/press-rel…
Furthermore, by funneling about 38 percent of orders to internalizers like Citadel, and by bypassing lit exchanges like the NYSE or NASDAQ, price discovery is harmed;
This is a clearly documented phenomena, have a look here: sec.gov/news/press-rel…
Furthermore, by funneling about 38 percent of orders to internalizers like Citadel, and by bypassing lit exchanges like the NYSE or NASDAQ, price discovery is harmed;
4/10
this removes the competition they would face on lit exchanges. For many reasons, this also widens the bid/ask spread — and this is where we see retirement funds, pensions plans etc. being harmed by the knock on effects of allowing PFOF in its current state
this removes the competition they would face on lit exchanges. For many reasons, this also widens the bid/ask spread — and this is where we see retirement funds, pensions plans etc. being harmed by the knock on effects of allowing PFOF in its current state
5/10
As Gary Gensler wisely pointed out this also creates a different set of rules for wholesailers who don’t have to compete with others on an order-by order basis.
Furthermore, we have a dangerous situation where power is being consolidated to the very few
As Gary Gensler wisely pointed out this also creates a different set of rules for wholesailers who don’t have to compete with others on an order-by order basis.
Furthermore, we have a dangerous situation where power is being consolidated to the very few
6/10
Citadel, for instance, handles nearly half of all retail order flow.
We need healthy price discovery, transparency, fair competition for our orders and, of course, best execution unhindered by our broker’s bottom line.
Citadel, for instance, handles nearly half of all retail order flow.
We need healthy price discovery, transparency, fair competition for our orders and, of course, best execution unhindered by our broker’s bottom line.
7/10
If any of that’s confusing and “The Google” isn’t working out for you we can recommend a few subreddits that goes over these issues in detail.
These “Apes” who you continue to degrade, disparage, and belittle aren’t a monolith
If any of that’s confusing and “The Google” isn’t working out for you we can recommend a few subreddits that goes over these issues in detail.
These “Apes” who you continue to degrade, disparage, and belittle aren’t a monolith
8/10
— they are a diverse group of individual retail investors working to not only educate one another but to fight for transparency and fairness in our markets. And some just like dank memes ( 👀@ButtFarm69)
— they are a diverse group of individual retail investors working to not only educate one another but to fight for transparency and fairness in our markets. And some just like dank memes ( 👀@ButtFarm69)
9/10
We’ll leave you with a quote: “Citadel Group urges the Commission to ban payment for order flow. This practice distorts order routing decisions, is anti-competitive, and creates an obvious and substantial conflict of interest between broker-dealers and their customers.”
We’ll leave you with a quote: “Citadel Group urges the Commission to ban payment for order flow. This practice distorts order routing decisions, is anti-competitive, and creates an obvious and substantial conflict of interest between broker-dealers and their customers.”
10/10
We urge you to be more professional, offer counter argument rather than pathetic bullying on twitter, and show a little respect to normal people doing everything they can to carve out a better life for themselves
#GME #AMC #ApesTogetherStrong #financialtreason
#dontbeadick
We urge you to be more professional, offer counter argument rather than pathetic bullying on twitter, and show a little respect to normal people doing everything they can to carve out a better life for themselves
#GME #AMC #ApesTogetherStrong #financialtreason
#dontbeadick
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