Retail investors don't care directly about payment for order flow. What they really care about are their total trading costs.
Bill Foster: “Retail investors don't care directly about payment for order flow. What they really care about are their total trading…”
Editor's note · Context
Foster emphasizes retail investors' focus on overall trading costs rather than payment for order flow.
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I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.
I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.
Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.





