Mar. 21, 2023
Payment for order flow creates an unfair advantage run by only a few market maker/hedge funds. The price discovery gets bypassed and creates price fixing and allowing market makers to gain the most from what people in the options markets call "max pain". The fact many inexperienced traders/investors can see this in broad daylight as they(MM/HFS) step down the stock prices at will and then tag a stock "meme stocks" so they can manipulate the price free as day, seems VERY shady. Im glad to see change but so far even regulations currently in place to minimize dark pool usage means nothing if the SEC turns a blind eye