This is just noting that different brokers give different performance That doesn... | Hacker News

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		wrsh07 on Dec 11, 2024 \| parent \| context \| favorite \| on: Launch HN: Double (YC W24) – Index Investing with ... This is just noting that different brokers give different performance That doesn't really have anything to do with pfof (TD Ameritrade gives better execution and receives pfof) https://news.ycombinator.com/item?id=42378516

loeg on Dec 11, 2024 [–]

Presumably a market maker would pay (PFOF) slightly more to deliver slightly worse execution (keeping the spread).

wrsh07 on Dec 13, 2024 | [–]

Sure that sounds plausible but it's literally not what happens in practice (see the other comment I linked that discusses research on this very thing)

loeg on Dec 14, 2024 | | [–]

Yeah, I've seen the Levine column on it.

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