NexusFi: Find Your Edge


Home Menu

 





TD selling order flow to HFTF


Discussion in Stocks and ETFs

Updated
      Top Posters
    1. looks_one Keab with 4 posts (1 thanks)
    2. looks_two CFuture with 3 posts (0 thanks)
    3. looks_3 timtimbo123 with 2 posts (1 thanks)
    4. looks_4 snax with 1 posts (2 thanks)
    1. trending_up 7,804 views
    2. thumb_up 4 thanks given
    3. group 7 followers
    1. forum 12 posts
    2. attach_file 0 attachments




 
Search this Thread

TD selling order flow to HFTF

  #11 (permalink)
 Keab 
London UK
 
Experience: Intermediate
Platform: SierraChart/Prorealtime
Broker: Sierra Chart/prorealtime
Trading: SandP futures
Posts: 510 since Jul 2013
Thanks Given: 123
Thanks Received: 316


CFuture View Post
Read it some time ago, as i remember main focus on stocks whereas futures should be traded centrally and directly. This is why i said i "suggest" how money is made in futures with retail orderflow. The brokers let customers sign the agreement but nowhere can be read what exactly is done.


timtimbo123, i know individual manipulation of prices against customers by CFD/Forex/Binary-Options companies, Metatrader etc., i had a very ugly experience with GFT/360 degrees software by myself. You should use an independend, secondary datafeed to check if your pricefeed ist different. That should absolutely not be the case with a regulated brokerage that gives direct access to exchanges..

The idea of a.centralised exchange, whether it was for futures or stocks was not the answer. A centralised exchange is an easy target. The answer was to force a 'speed bump' onto any exchange/broker to ensure that no one could be quicker than anyone else and see orders before anyone else and manipulate prices in the same manner as described in the first post.

And NEVER use metatrader.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
ZombieSqueeze
Platforms and Indicators
Trade idea based off three indicators.
Traders Hideout
Increase in trading performance by 75%
The Elite Circle
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
29 thanks
Tao te Trade: way of the WLD
24 thanks
Diary of a simple price action trader
21 thanks
My NQ Trading Journal
14 thanks
HumbleTraders next chapter
10 thanks
  #12 (permalink)
 
CFuture's Avatar
 CFuture 
cologne, europe
 
Experience: Advanced
Trading: Futures
Posts: 234 since Mar 2011
Thanks Given: 350
Thanks Received: 197

In fact every trader should be aware of money to be made by sold orderflow: https://www.cnbc.com/2020/08/13/how-robinhood-makes-money-on-customer-trades-despite-making-it-free.html

Reply With Quote
  #13 (permalink)
SamMuller0927
Delhi+India
 
Posts: 4 since Aug 2020
Thanks Given: 7
Thanks Received: 8


Hi, Yes I've observed the same thing during my trades with TD. TD does sell their order flows to HFT's which they also disclose in the financials. Please keep in mind the revenue lost through charging commissions has to be compensated through some other means, hence a larger portion of their revenue has now shifted towards selling their customers order flow to HFT's.

Many scalpers/day traders use brokers which provide them with Direct Market Access.

Reply With Quote




Last Updated on August 20, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts