Another “questionable” practice brokers (and dealers) follow is to pay cash (or a rebate) to a broker in order to direct the trades to a particular dealer, thus bypassing the NYSE. The advantage of...

Another “questionable” practice brokers (and dealers) follow is to pay cash (or a rebate) to a broker in order to direct the trades to a particular dealer, thus bypassing the NYSE. The advantage of this to a broker is obvious, because he receives a payment for such preferential trades.