tim333 3 days ago

Quite a lot of customers either have cash sitting in the account which they make interest on, or have margin debt which they charge for.

  • 4ndrewl 3 days ago

    Interesting, thanks. For a minute I was expecting someone to say "ads"

matwood 3 days ago

You can Google it, but AUM at scale means .03% is a significant amount of money. There's also uninvested cash that the broker can invest in t-bills and take the spread.

  • 4ndrewl 3 days ago

    Thanks for the lmgtfy :)

    I bet the uninvested cash product drives some weird incentives - kpis around increasing ratio of sells to buys and increasing pain around removing cash.

jkolio 2 days ago

Front-running your trade.

  • kortilla 2 days ago

    This is illegal and is absolutely the dumbest way to make money.

  • valkmit 2 days ago

    nice try buddy, that’s ILLEGAL

    • jkolio a day ago

      Oh no, I guess someone will be going to jail!

      ...No? Then, uh, a punitive judgment?

      >Small fine that amounts to a cost-of-doing-business.

      Ah. Hm.