Best Execution and the Future of 24-Hour Equities Trading

It is clear that the 24-hour continuous trading session will be the only trading session in the equities market in the future. Global market-moving news does not wait for regulated trading to be in session to emerge….

Can Competition for Retail Orders be Bad for the Small Guy?

SEC has made its intent clear – there needs to be an order level competition for a retail (small investor) order, so that the retail investor can get the best deal….

Discovering the True Value of an Uninformed Retail Order

Retail orders, by construction, are small and uninformed. Unlike institutional or professional traders, retail investors are considered uninformed for a variety of reasons…

PFOF or No PFOF, that is NOT the Question

The GameStop saga, the subsequent media coverage, and the high-profile congressional hearings have brought retail trade executions in…