"Price improvement" and other execution quality metrics are typically used to justify payments for order flow (PFOF) in the US when many other jurisdictions have banned it. However, it turns out, all market centers - including public exchanges - provide price improvement to one degree or another. In a twist of contextual development, in this Feed post, Alphacution shows how the execution quality metrics for Members Exchange (MEMX) are uniquely supportive of the strategic objectives of wholesale...
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