Payment for order flow
Payment for order flow (PFOF) refers to the compensation, as much as 1 penny per share, that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to such market maker. It is a controversial practice that has been called a "kickback". PFOF is not allowed in Canada and therefore Canadian brokers charge commissions. It is also banned in the United Kingdom.
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Payment for order flow
Payment for order flow (PFOF) refers to the compensation, as much as 1 penny per share, that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to such market maker. It is a controversial practice that has been called a "kickback". PFOF is not allowed in Canada and therefore Canadian brokers charge commissions. It is also banned in the United Kingdom.
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Payment for order flow (PFOF) ...... banned in the United Kingdom.
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Payment for order flow (PFOF) ...... banned in the United Kingdom.
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Payment for order flow
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