Is Retail The Final Frontier For ECNs And ATS's?
EDITTIORIAL
Instinet's willingness to open its doors to retail order flow hardly seems shocking. After all, it doesn't take a rocket scientist to calculate the percentage growth of e-broker volume month over month. Schwab currently hosts more than 150,000 trades a day.
But ever since e-broking took off, the retail business has remained an isolated liquidity pool. E-brokers, through this new distribution mechanism, are merely bringing a lot more participants to the table. The table, however, essentially
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