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  • CrayonMuncher

    Member
    July 16, 2021 at 3:34 pm

    It’s ok if you’re already established with your brokers and aren’t making any changes. Do what works for you.

    Because Fidelity doesn’t do PFOF, they aren’t working with Citadel. They actually handle their own orders and send them straight to different exchanges.

    Because they comply with SEC Rule 606, they publish on their website quarterly reports that show their order routing.

    The screenshot from their pdf shows their latest info. They’ve given zero dollars to Citadel. Just wanted to clear up any confusion or misinformation.

    https://clearingcustody.fidelity.com/app/item/RD_13569_21696/sec-rule-606.html