Long overdue study into maker taker. https://www.bloomberg.com/news/arti...stock-trading-fairness-may-finally-be-decided
As a provider, this is not okay. As a trader, I still don't like it. Why? I'd rather have robots instantaneously provide liquidity when I need it versus waiting minutes for a human. This hurts the firms that give you instant liquidity. If any of you have ever traded OTC, it takes a bit longer to finalize and post the trade then it does on regular exchanges, and that means money. Yes, your retail edges aren't there anymore. But, if you're still trying to read tape to enter trades you shouldn't be trading. Period.
"Yes, global central banks keeping interest rates at 5,000 year lows for nearly a decade has created a fat bubble. Again." Such a smart guy, we'll see if you last.
It's just order flow trading. Bullets & Moc's use to provide edges also, but now all of those edges have disappeared. Order flow edges for retail, sorry. Not to be confused with customer order flow at a broker/bank.