Payment for order flow (PFOF) is a system where exchanges or brokers route trades to specific market makers in exchange for a fee. PFOF can negatively affect high-frequency, arbitrage and day trading ...

Wall Street’s top cop said Tuesday that the dominance of Citadel Securities in the business of routing order flow may not be giving retail investors the best deal. Yahoo Finance's Brian Sozzi weighs ...

On 8 March 2024, the final consolidated revised Markets in Financial Instruments Regulation (MiFIR) ((EU) 2024/791) and Markets in Financial Instruments Directive (MiFID II) (Directive (EU) 2024/790) ...

Robinhod (NASDAQ: HOOD) Chief Executive Officer Vlad Tenev recently said that he does not think that the payment for order flow (PFOF) model of market-maker routing that the firm incorporates in the ...

Virtu, one of the most active firms in the payment for order flow sector, has been hit with an enforcement by the Securities and Exchange Commission (SEC). According to the SEC’s allegations, Virtu ...