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bs2167


Total Posts: 21
Joined: Feb 2010
 
Posted: 2019-09-27 20:15
I saw the news last night that IB is going to start offering a Robinhood like account with zero commissions. Presumably, all of the orders will be executed by market makers.

https://www.businesswire.com/news/home/20190926005753/en/Interactive-Brokers-Launch-IBKR-Lite

Is anyone familiar with how the routing of these orders to the MMs actually works? If five firms have agreed to pay IB for order flow, who gets sent a given order? Or do the five MMs compete on price in a private dark pool of sorts that IB creates?
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