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 ...
Market maker paid out the most in payment for order flow in 2020 and 2021, including $1.7 billion spent on options, followed by Susquehanna and Virtu Financial. Citadel Securities takes the top spot ...
More than 70% of Robinhood's total revenue in the first quarter of 2022 came from PFOF. GameStop and AMC traders accused Citadel Securities of pressuring Robinhood to place trading halts and ...