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?

Forex order flow refers to the real-time record of buy and sell orders in the foreign exchange market. It represents the collective actions of currency market participants and provides invaluable ...

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 ...

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 ...

In January 2021, the GameStop trading halt exploded across the headlines. Consumer advocates and the financial press pointed fingers at a number of industry players, paying particular attention to the ...

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, ...

Payment for order flow is a common practice in the investing world that lets retail brokers be paid by market makers, wholesalers and others in exchange their retail clients’ orders to buy and sell ...

If passed, the SEC's new rules would likely make payment for order flow a much less attractive business. Payment for order flow is the process of selling stock orders to market makers, who actually ...

The old way a financial brokerage made money was to charge a fee whenever someone bought or sold stock. A company like TD Ameritrade or Charles Schwab would charge $4.95 or $6.95 (or whatever) in ...

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 ...

Now that almost every brokerage has followed in the footsteps of Robinhood and adopted commission-free trading, how do these companies make money? One main source of revenue is from a small sum of ...