That reduction IMO is like merging stores, auto dealerships, appliance companies or any other business. Retail customers get screwed again.
Retail is so small of the market flow any and every advantage is consumed by the MM's, Hedgfunds, Dark Pools, Institutions etc. Who as a retail trader can afford level 3 access or pay for programming skills on a level to compete with those big boys when they get all the data and news before we do?
Then you are undoubtedly aware that "SOES bandits" have now become the current HFT's.
I won't even get into the cushy relationship between the FED, SEC etc with the investment industry and banking at the expense (rape) of retail.
My trading has definitely changed over the years based on such issues and then my age. I trade a lot differently at 74 than I did in my 30's.
I use TA far more and trade much more often.
The DTCC, ex-broker systems, Dark Pools and everything else that allows for counterfeit stock is illegal and unfettered. SEC doesn't care. The rule of thumb is "retail trader/investor beware". What happens today with shorting is flat out wrong. (won't go into full blown rant).
Probably more than you bargained for as a response. 🙈🙉🙊
Any other board but Tom's and this would likely be deleted. lol
