With payment for order flow,firms like Citadel, who claim to be a market maker,pay...
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With payment for order flow,
firms like Citadel, who claim to be a market maker,
pay Robinhood for the orders that Robinhood customers,
like you and me, submit. They fill that order
from their own inventory and skim a few cents
off the deal, then deliver your shares. A broker, a retail broker,
has a duty of best execution
firms like Citadel, who claim to be a market maker,
pay Robinhood for the orders that Robinhood customers,
like you and me, submit. They fill that order
from their own inventory and skim a few cents
off the deal, then deliver your shares. A broker, a retail broker,
has a duty of best execution
Full Transcript
00:00:01.000 --> 00:00:03.292
With payment for order flow,
firms like Citadel,
00:00:03.459 --> 00:00:07.000
who claim to be a market maker,
pay Robinhood for the orders
00:00:07.167 --> 00:00:09.584
that Robinhood customers,
like you and me, submit.
00:00:10.042 --> 00:00:12.167
They fill that order
from their own inventory
00:00:12.334 --> 00:00:13.875
and skim a few cents
off the deal,
00:00:14.334 --> 00:00:16.542
then deliver your shares.
00:00:16.709 --> 00:00:19.834
A broker, a retail broker,
has a duty of best execution.
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Movie Summary
Retail investors and twin brothers Finley and Quinn Mulligan give an insider look at the GameStop "short squeeze" and the "Apes" fighting for transparency and accountability in our corrupt capital markets.
