PFOF allows brokers to offer commission-free trades by routing orders to market makers. Investors often receive better prices than the NBBO via market maker payments. Critics argue PFOF may prevent ...
Dennis Dick, a retail trader and market structure analyst at Triple D trading, expects the SEC to chart a middle bath; focus on increasing disclosure of how retail orders are being handled, rather ...
“Payment for order flow enables commission-free trading,” said Robinhood chief executive Vlad Tenev during Congressional testimony in February 2021 following the Gamestop debacle. While everyday ...