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Right. They sell the order flow to the dark pool who then front runs the order. I haven't looked at this since like 2018 but last I checked the only major brokerage that didn't sell order flow was Interactive Brokers.


They still have to guarantee best execution.


Is it execution or price? Iirc the broker cannot give you a worse price if it knows of a better one... But is the regulation that the price must actually result in an executed trade?




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