Free Trading Isn't What You Think It Is (Wall Street CEO Explains)

Free Trading Isn't What You Think It Is (Wall Street CEO Explains)

July 1, 2026 · 22 min · Episode 414

About this episode

Daniel Robbins interviews Daniel Schlaepfer about the complexities of modern trading and the importance of human judgment in the industry.

Daniel Robbins sits down with Daniel Schlaepfer, President and CEO of Select Vantage Inc., to unpack the hidden mechanics of modern trading, from “free” trading apps and off-exchange market making to funded trader programs, AI, and why human judgment still matters. Daniel shares how a random subway newspaper ad changed his life, how he rebuilt a trading business from the wreckage of a failed firm, and why his company’s regulation-first culture helped create one of the strongest risk and compliance platforms in the industry.

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