"Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited."
其实我疑惑的问题是:为什么要收手续费?
从Binance和Alpaca的协议里是看双方是PFOF模式下(Payment for Order Flow,订单流付款)
这一套机制:散户在券商下单后,券商并不把订单直接送进交易所,而是把这股”订单流”卖给做市商(Citadel Securities、Virtu、Jane Street 这类),做市商付钱给券商来买这些订单。做市商靠买卖价差赚钱,再返一部分给券商。
Robinhood是用这个模式做到0佣金的
按正常的商业逻辑来说,到达一定量级后,Binance应该也能做到0手续费