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Old 12-15-2013, 10:45 AM   #15
lamboguy
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Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
truly a great comparison. the only bonus an adw gets is the breakage.

when a stock trader places his trade on E-Trade, his order goes in and either gets filled to a market order or a limit order. the clearing house gets filled filled at the very best possible price often times getting the fill 1/2 cent better than the customer. if a customer has an order for 10,000 shares of an equity, the brokerage firm makes the an added $50 over and above the commission.
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