"...stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges... That price formation is not {reflective} of supply and demand..."
"...stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges... That price formation is not {reflective} of supply and demand..."
www.reuters.com ‘Meme’ stock prices may not properly reflect demand -NYSE president
The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.
!["...the vast majority of [stocks'] order flow can trade off of exchanges... price formation is not really reflective of what supply and demand is." -New York Stock Exchange (NYSE) President](https://lemmy.world/pictrs/image/99844266-2096-4195-922e-3268b9c8ec01.jpeg?format=webp&thumbnail=196)
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This article is more than two years old.
Still relevant though! Individual investor order flow through brokers likely hasn't improved at all.
Agreed