Should a broker trade?
I am under the impression that brokers provide only trading platforms and are rewarded by the spreads in the trades of their “customers”. After reading of the experiences of some traders with brokers, it looks like they (the brokers) took positions on the other side of their customers’ trades. They (the brokers) then have a vested interest in the traders losing trades. IMO this is unethical at best and criminal at worst. They then slow the data feeds and use all kinds of underhand methods to ensure that they win and their customers lose a trade.
Should brokers be allowed to trade? I do not think so, but then again who can stop them?
Cheers
L
Last edited by Lagger; 04-26-2008 at 06:37 PM.
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