Payment order flow has had a spiral effect where it just made it really, really easy to trade and actively trade. I think that it does benefit the market makers and the high frequency trading firms.

Payment for order flow (where market makers pay brokers to route orders for execution) and the duty of best execution (which requires a broker to seek the most favorable terms reasonably available for ...

The proposed rules take aim at payment for order flow (PFOF), the order execution process that many brokerages, including Robinhood, say helps them offer zero-commission trades.

Is it possible to ban payment for order flow without banning payment for order flow? That is the question that has been raised by a series of changes to stock-market rules laid out by Securities ...

Robinhood does the same by way of payment for order flow. Its main customers aren’t the people who download its app, but the market-makers who fill those people’s orders.

That process is known as “payment for order flow,” and it has come under intense scrutiny by regulators following the fallout from the January 2021 run-up in meme stocks like GameStop.

He added that payment-for-order flow actually costs his firm money, a point that Ken Griffin, who leads Citadel Securities, has also raised.

Payment for order flow became less lucrative for brokerages as their customers got less active over the past year, bruised by the market downturn and distracted from their trading apps by return ...

I think there are two different intuitive models of payment for order flow. Let’s call them the Good Model and the Bad Model. The Good Model goes like this. Lots of retail investors go to their ...

Payment for Order Flow (PFOF) schemes are falling under increasing regulatory scrutiny for a very simple reason. Intermediaries pay for retail order flow because it is valuable. It is valuable ...

Former TD Ameritrade CEO Joe Moglia said banning payment for order flow would be a "disservice" to retail traders. Moglia said retail traders get everything for free on a trade except a "little ...

The article summarizes arguments and evidence that PFOF is not an abuse of retail traders. If Retail must create its own branch of the NMS system. Click to read.