Payment for order flow (PFOF)

Wikipedia:Payment for order flow (2009)

The New York Stock Exchange opposed its use for years, but in February 2009 it sought permission from the U.S. Securities and Exchange Commission (SEC) to adopt the practice on its electronic exchange(s)

Payment for order flow revenue list

• Charles Schwab & Ameritrade
• Robinhood
• eTrade
• Webull
• Apex Clearing

Order-flow payments in 2020 by trading firm

• Citadel
• Susquehanna
• Virtu
• Wolverine
• Morgan Stanley

Related terms

• Bernie Madoff
• IBKR Lite prioritizes payment for order flow

See also

• Order, Market order, Stop order, Limit order, OCA, OCO, OTO, Options, PFOF
• Stockbroker, Robinhood, Citadel, Susquehanna, Webull, IBKR, eToro, Charles Schwab Corporation (Ameritrade), e-trade, NYSE, The Vanguard group, Payment for order flow, Susquehanna International Group, DRW Trading Group
• Stock exchange, NYSE, NYSE American, Nasdaq, CBOE, CME, Hong Kong Stock Exchange, ICE, VIX, 13F, SEC, DTCC, IPO, LSE, DAX, BME, SZSE, SEHK, List of corporate collapses and scandals, ADX, DFM, IEX, Put option, Call option, SHE, OTC, TSX, SGX, CAC, OSE, SIX, TSE/TYO, FTSE, Bakkt, KRX, Euronext, ASX, Xetra, NSE, S&P, STOXX