Fidelity does accept PFOF (Payment for Order Flow) for options trades. So you are not getting the best price So I can not use Fidelity
negative, it doesn’t. in atp, you can direct to the exchange. you get price improvements many times when the market is liquid.
I asked chatgpt and it said Fidelity does accept PFOF for options so I guess he is wrong In ATP why didn't Fidelity directing to exchange a default? Do you have to manually adjust?
yes but makes no difference comapred to default auto, unless you can get fees back from the exchanges
why do you need the cheapest execution of you are trading once a day? Wouldn’t you want to prioritize other factors (like customer service or margin treatment or research or interface) as your commissions are probably not significant to your pnl.
I don't need research and my money is small fees add up. Also I don't see a big difference in customer service
Read the reviews of IB and you might. My opinion: a broker is not just about your cheapest commissions. You need to consider the full relationship. I stay with my broker because of the customer service. I’m an important enough client that I have a relationship manager who knows me when I call.
Does it matter the IB is MM on several options? Sometimes, I am a little worried that the MM sees my trading intents before I post them. What do you guys think?