Quote Originally Posted by Benny1 View Post
Cool...thanks for that blackap...i didn't think about the marketmaker making their profit from the spread,makes sense now.I take it that they are normally brokage firms that act as the marketmaker?
Yes I think it is...don't quote me on that but its normally an institution, be it a broker or not. It could even be Smartshares themselves but I did ask once (give them a call on the 0800 number) and they said they outsourced it.