Oct 3, 2025 · Learn how payment for order flow (PFOF) operates, its advantages, potential conflicts of interest, and how it affects trade execution and market liquidity.

Payment for order flow (PFOF) is the compensation that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to that market maker. [1]

Jul 15, 2025 · Payment for order flow (PFOF) refers to the practice of retail brokerages routing customer orders to market makers, usually for a small fee. Payment for order flow has been …

Payment for order flow is compensation received by a brokerage firm for routing retail buy and sell orders to a specific market maker, who takes the other side of the order. (In other words, …

Jun 13, 2023 · Payment for order flow (PFOF) refers to a practice where a stock broker receives compensation for routing an order to a particular market maker. In other words, it means your …

This article explains the payment for order flow concept, how it works and reveals stunning statistics based on the SEC 606 disclosure statements.

Learn how payment for order flow (PFOF) works at brokers and how it can result in a hidden increase in your trading costs.

Feb 26, 2025 · Payment for order flow (PFOF) is compensation received by a broker in exchange for routing customer orders to a market maker.

Nov 9, 2025 · Is your broker using payment for order flow? Learn how this controversial practice works, which brokers use it, and why the EU decided to ban it.

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 …