DFlow, a “decentralized” payment for order flow (PFOF) protocol that enables wallets and crypto trading applications to sell their flow to best-execution market makers via open and permissionless ...

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, ...

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 ...

The Financial Industry Regulatory Authority (FINRA) recently issued a Regulatory Notice (Notice) reminding firms of their obligations with respect to best execution and payment for order flow. 1 These ...

Sal Arnuk, partner and co-founder of agency broker Themis Trading, told the US House Committee on Financial Services that payment for order flow presents an undeniable conflict of interest and ...