113: Benjamin Small – Normalizing Bitcoin, and Exploring the Cryptocurrency Ecosystem
Chat With Traders
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The Disadvantages of Internalized Trading Desks
It's not exactly a new practice, but beginning about 10 or 15 years ago, it started to be extremely optimized with statistics and with computerized algorithms. New York State Attorney General has filed some actions where they claim that it does disadvantage the retail consumer at the end. For example, retail orders typically get price improvement from one of these brokerage desks. They would not typically get that price improvement if their order were routed directly to an exchange.
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