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Jack of All Trades: SKORE 02.06.2026

Infrastructure beats applications: Tradeweb (60% EBITDA margin, electronification runway) and Cboe (67% operating margin, SPX monopoly) demonstrate platform power—earning fees on every trade with zero inventory risk while application layer struggles with 4-5% margins

Jack of All Trades: SKORE 02.06.2026
📱 Tip: Tap the 🔗 Share icon in Safari and choose Add to Home Screen to install World Trade Factory.
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