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Payment for order flow (PFOF) is the compensation that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to that market maker. [1] The market maker profits from the bid-ask spread and rebates a portion of this profit to the routing broker as PFOF.
The brokerage, known for helping pioneer commission-free trading, relied on a controversial practice called payment for order flow (PFOF) for more than three-quarters of its revenue https://www ...
The head of the U.S. Securities and Exchange Commission on Wednesday said the agency may propose the most wide-ranging reforms to the equities market in nearly 20 years. Retail brokerages send ...
In addition to these disclosures that provide an overview of their pay for order flow arrangements, brokers are required to tell clients who request it the identity of the entity that is paying ...
NEW YORK (Reuters) -The head of the U.S. Securities and Exchange Commission on Wednesday said the agency may propose the most wide-ranging reforms to the equities market in nearly 20 years.
On May 6, 2021, Gensler testified before the U.S. House Financial Services Committee about the GameStop short squeeze, Robinhood Markets, Archegos Capital Management, market concentration among market makers for payment for order flow, conflict of interest in best execution for trades with PFOF, trading gamification in mobile trading apps and ...
Dutch regulators did not approve this practice, known as payment for order flow or PFOF. However, following DEGIRO's takeover by German company Flatex, the money of its Dutch customers is now stored on a German bank account. By consequence, DEGIRO's business practices largely fall under German jurisdiction, where the practice is legal.
Securities and Exchange Commission Chair Gary Gensler said during Yahoo Finance’s All Markets Summit on Monday that the agency is exploring avenues to rein in payment for order flow. But experts ...