Founder's Story

Why "Free" Stock Trading Apps Are Quietly Costing You Everything | Ep. 414 with Daniel Schlaepfer President and CEO of Select Vantage Inc

July 1, 2026·23 min·5-min readinterviewbusiness
Podzilla Summary (5 min)
TLDR
Over 50% of stock trades occur off-exchange through market makers like Citadel, meaning retail investors often unknowingly trade against sophisticated firms that profit from their activity. Daniel Schlaepfer, a veteran trader and founder of a global proprietary trading firm, argues that w

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Guest

D

Daniel Schlaepfer

interview on Founder's Story

Mentions

Books, people, and resources mentioned in this episode.

People

Daniel Schlaepfer

Books

Real Trading

Companies

CitadelRobinhoodSpaceXOpenAIAnthropic

Topics

Artificial IntelligenceFintechStartupsVenture Capital

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