Payment for Order Flow (PFOF) is the compensation a brokerage firm receives to direct its customer orders for trade execution to a certain market maker. In a special study of PFOF, which was published ...

Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and currently holds a Life, Accident, and Health License in Indiana. He has 8 years experience in finance, from ...

Markets are a means, not an end. Access to investing, therefore, is a means to achieving an outcome. The debate around payment for order flow seems to have lost that critical point, centering on ...

Robinhood, the uber-popular brokerage, helped usher in a new era of commission-free trading. It pushed established financial institutions, such as Charles Schwab and Fidelity, to follow suit. Sadly, ...

During the House Financial Services Committee's Thursday hearing on the recent GameStop stock frenzy, there was talk of a practice known as "payment for order flow" (PFOF). To anyone not fluent in the ...

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 spread ...

Payment for order flow is the money brokerage firms make by sending trade orders to high-frequency traders or market makers. When an individual investor places a trade, the brokerage firm sends the ...

There’s no such thing as a free lunch. You’ve likely heard this adage about how you can’t get something for nothing. Yet, some “free” things really do feel free. Ever signed up for a “free” trial?

A U.S. retail investor sends out an order to buy or sell a stock through a brokerage account. She may think her trade heads directly to the New York Stock Exchange, but that’s rarely true. Instead, ...