DislikedOk, so some or most brokers are crooks. Any one know a broker that wont rip me off ? Is MBTrader ok ?Ignored
ECN-style is just a cover for retail market bandit except they have variable spreads all day. Have an in built conflict of interest. Hence they are more likely to use tactics like this. Have an NDD somewhere in the system.
Fixed spread market bandit have an in built conflict of interest, which is why it normally says it somewhere in their customer agreement. Hence they are more likely to use tactics like this. You will see some of the big retail market bandits (like I*B*F*X) claim that they have a NDD system. They probably don't, but a company that they are related to probably does have the NDD and deals all the trades for them. Have an NDD somewhere in the system.