Because they are paying for a supply of (on average) uneducated morons with no e... | Hacker News

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		kortilla on Aug 3, 2022 \| parent \| context \| favorite \| on: Robinhood lays off 23% of staff Because they are paying for a supply of (on average) uneducated morons with no edge. Can you imagine how much a professional poker player would pay to be in a tournament with amateurs?

qaq on Aug 3, 2022 [–]

At market or better than market rate you have unlimited supply of trades without paying for order flow

kortilla on Aug 3, 2022 | [–]

But the people with the edge are there who can steamroll you. Better to just pay to not have them if you’re trying to make a market.

qaq on Aug 3, 2022 | | [–]

You have an example of market maker being steam rolled?

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