Academics Say Maker-Taker Pricing Distorts Markets

Discussion in 'Wall St. News' started by kean, Mar 16, 2010.

  1. kean


  2. "Besides the obfuscation, those most harmed by the situation appear to be internalizing market makers, according to the study. They must be willing to trade at the tight spreads of the exchanges but do not receive rebates. (They actually pay for order flow.) They do not charge access fees either.

    The study was underwritten by Knight Capital Group."


    No conflict of interest there. LOL.
  3. The study was underwritten by Knight Capital Group.

  4. kean


    Eliminating access fees would be great for us independent traders. That means no ecn fees right?
  5. I would laugh more if this article were written 2 years ago and underwritten by bernie madoff.