there would likely be an uproar if free trading went away. The SEC really has no idea what they’re talking about on this one. Also VIRT would still command 30% of the market-making market regardless, and they make their money from spreads. In fact, VIRT would make even more money if they didn’t have to pay brokerages for order flow. Two sides of the coin.. you get a stable dividend and potential appreciation while you wait.