free doesn't work. ask freetrade.com they stayed free for a year then had to charge and they were getitng orfder flow. brokerage america last 5 months being free. forget the ecn's. lets say they're free so what. the broker will want .001 to clear and provide statements. lmao yeah advetising would slow the system down huge. brokerage america tried that scam. how many fills do rebate traders miss by holding out for 1 oenny or 2 more only to get hit for 40 cent or 100 or more commissions
heard there is a very good possibility we see zero to take on ecn's and one penny to add. wouldnt that change trading....to the better
Yea they'd lose money brokerboy...judging from your screen name you are probably a broker and thats why you are so worried about brokers losing money. I think PND is right...some day we CAN and WILL get rid of the middlemen(brokers) for good! We just don't need them in the middle, just like any other broker be it mortgage, real estate ect etc..Some day people will understand it and ACT on it.