Nope. Since it's exchange-traded, the broker you choose hardly makes a difference (besides commission, though in your case it'd be $0 either way). With mutual funds you might find that competing brokers charge a heavy transaction fee on purchases of each other's mutual funds, but this isn't the case with ETFs.
But doesn't Schwab sell your orders to hedge funds like @Citadel? So you could get frontrun by them and lose money compared to brokers who send orders directly to exchange
payment for order flow isnt done to frontrun transactions. its done to create a kind of private micro marketplace in which the company can execute the sell and buy orders themselves before they hit the books. doesnt affect the consumer in anyway
New
Psynaptic Jan 18, 2020
Vanguard comes first. That is why it is called vanguard.
Nope. Since it's exchange-traded, the broker you choose hardly makes a difference (besides commission, though in your case it'd be $0 either way). With mutual funds you might find that competing brokers charge a heavy transaction fee on purchases of each other's mutual funds, but this isn't the case with ETFs.
But doesn't Schwab sell your orders to hedge funds like @Citadel? So you could get frontrun by them and lose money compared to brokers who send orders directly to exchange
payment for order flow isnt done to frontrun transactions. its done to create a kind of private micro marketplace in which the company can execute the sell and buy orders themselves before they hit the books. doesnt affect the consumer in anyway