I guesss most likely they are paying for the order flow
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作者:pymess (等级:2 - 初出茅庐,发帖:531) 发表:2024-09-15 19:18:16  楼主  关注此帖
好奇一个事情 虎 交易 富涂他们当初为什么要做这个生意。 起步到盈利的时间漫长。 看老虎 巫天华 赢透 小米也投资了。 为什么。 --- 该帖荣获当日十大第4,奖励楼主12分以及18华新币,时间:2024-09-16 22:00:01。
I guesss most likely they are paying for the order flow
all the retails' orders might be re-route to other bigger broker or fund, that is why their brokerage fee could be so low.
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作者:pymess (等级:2 - 初出茅庐,发帖:531) 发表:2024-09-16 11:01:44  2楼
Jim rogers is in还有基金 投资人就不透明了 所以把自己公司股权卖了退出 通过基金再部分回到做庄的位置?
you can just google "payment for order flow (PFOF),
basically what these type of broker houses do is firstly, they attract customer to open trading account with them, then direct all the customers' order to US side designated market maker to match huge order flows. Market maker will make tons of money by making bid-ask spread from the order flow provided by such brokerage firms, and the brokerage firm in return will get big amount of compensation from the market maker for providing the order flow, or the business.

therefore, this type of brokerage firm makes money mainly on the "order flow rebate" from market maker. they don't really need to have high brokerage fee as main income source.
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