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 ...
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?
If you're a curious observer of Robinhood Markets' (NASDAQ: HOOD) recent initial public offering, you've likely heard the term "payment for order flow." Market pundits continue to debate whether it ...
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 ...
Soon all tech news will be fintech news, all fintech news will be trading platform news and all trading platform news will concern the business mechanics of such services. So, after looking into ...
With attention focused on Robinhood, GameStop and retail traders at Thursday's congressional hearings, trading volumes are very much in focus, as is the practice of "payment for order flow." Talk ...
Former TD Ameritrade CEO Joe Moglia said banning payment for order flow would be a "disservice" to retail traders. Moglia said retail traders get everything for free on a trade except a "little spread ...
Duke Law Professor Gina-Gail S. Fletcher appeared in a hearing with the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday. In the hearing the professor said payment for order flow ...
Gary Gensler, the chair of the Securities and Exchange Commission, called payment for order flow “an inherent conflict of interest.” By Matt Phillips Gary Gensler, the chair of the Securities and ...