<script type="text/javascript" src="https://pppbr.com/bnr.php?section=Footer46860&pub=543549&format=728x90&ga=g&bg=1"></script>
<noscript><a href="https://yllix.com/publishers/543549" target="_blank"><img src="//ylx-aff.advertica-cdn.com/pub/728x90.png" style="border:none;margin:0;padding:0;vertical-align:baseline;" alt="ylliX - Online Advertising Network" /></a></noscript>
The retail trading frenzy that saw groups of amateur traders encourage one another on Reddit to buy and hold meme stocks is the product of zero-commission trading, according to the co-chief executive of a London-based trading firm. Apps like Robinhood that offer commission-free trades on stocks have created the impression that retail traders place wagers against the broader stock market and make money in the process. But the boom in meme-stock trading is an example of a battle against Wall Street that small traders cannot win, Alex Gerko of XTX Markets told the Financial Times in an interview.
...read full article on Business Insider
