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Proposed SEC trading rules could kill Robinhood and others
I loathe ZH's partisan nonsense most of the time, but the subject line gives it away: "SEC Preparing Historic Overhaul Of Market Structure, Making Retail Frontrunning Virtually Impossible" Oh, noes!!!! We can't prey and profit off of the little people anymore!!!! WOMP-WOMP!
The average retail person doesn't give a hoot if they pay a fraction of a cent more or less for something. It's only HFTs, algos, and gamblers playing in large volumes that would be 'hurt' by this.
Commish-free trading is fine, but that's a direct result of pay-for-order-flow which led to increased gambling (eg, GME and other meme stocks). If we go back to paying $1-5 per trade, I for one won't complain -- if anything, it'll give more people pause before they pull the trigger on something.
ZH clearly has a "partisan nonsense" problem, among others, but I know how to scroll past clickbait to find other posts worth reading. This was one of those.
ZH clearly has a "partisan nonsense" problem, among others, but I know how to scroll past clickbait to find other posts worth reading. This was one of those.
Comments
I loathe ZH's partisan nonsense most of the time, but the subject line gives it away: "SEC Preparing Historic Overhaul Of Market Structure, Making Retail Frontrunning Virtually Impossible" Oh, noes!!!! We can't prey and profit off of the little people anymore!!!! WOMP-WOMP!
The average retail person doesn't give a hoot if they pay a fraction of a cent more or less for something. It's only HFTs, algos, and gamblers playing in large volumes that would be 'hurt' by this.
Commish-free trading is fine, but that's a direct result of pay-for-order-flow which led to increased gambling (eg, GME and other meme stocks). If we go back to paying $1-5 per trade, I for one won't complain -- if anything, it'll give more people pause before they pull the trigger on something.
https://www.marketwatch.com/story/sec-closes-in-on-rules-that-could-reshape-how-u-s-stock-market-operates-11654607138?link=MW_latest_news