The U.S. Securities and Exchange Commission (SEC) has said it could eliminate the business model that helps brokerages charge no fees on stock trades, but the founder of one brokerage says he doubts ...
“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 ...
The European Union has reached a provisional deal Thursday to introduce a general ban on payment for order flow (PFOF), which must be phased out by June 30, 2026. In the U.S., Securities and Exchange ...
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) ...
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 ...