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Order Flow Payments



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Hi List:

In case you ever wondered about how much brokerages
are paid for order flow check out:

https://content.etrade.com/etrade/powerpage/pdf/OrderRouting11AC6.pdf


This disclosure says alot about who gets paid
(specialists) what they get paid ( a % of the widest
spread that they can find) and when... (everytime)

It also discloses that etrade doesn't use the super
Dot on the NYSE. Interesting reading...