Payment for Order Flow (PFOF): How Free Trades Work
Payment for order flow (PFOF) is how zero-commission brokers get paid. Here’s exactly who pays whom, what Rule 606 discloses, and why regulators disagree about it.
sec rule 606
Payment for order flow (PFOF) is how zero-commission brokers get paid. Here’s exactly who pays whom, what Rule 606 discloses, and why regulators disagree about it.