Schwab owns TDA now? Which owns Trade station? Or Is it Fidelity?
Soon there won’t be a penny stock Broker. A massive void could potentially be brewing on the horizon.
IB sucks today.
Look at the $volume. No way that is going to go away, but I can see it become manipulated if we get down to 2 or 3 Brokers that allow OTC stocks. $2.5B a day ain’t small, but tiny in the financial World. Just look at the BBVA Compass/ PNC merger. 5th largest pot of assets in America. Just like that.