Mac Sykes's questions to AMTD IDEA (AMTD) leadership • Q4 2019
Question
Mac Sykes from Gabelli and Company inquired about expected changes to payment for order flow profitability and the competitive threat of short-duration cash ETFs to the company's BDA business.
Answer
President & CEO Tim Hockey stated they do not expect any changes in the profitability of payment for order flow, emphasizing their focus remains on best execution. CFO Steve Boyle addressed the cash ETF question, stating they are not a big threat as client cash is primarily transactional and needs to be immediately available for trading.