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Robinhood CEO defends payment for order flow, says practice is 'here to stay'
Robinhood CEO Vlad Tenev defended payment for order flow (PFOF), saying it's "inherently here to stay." PFOF describes the practice of routing trades through market-makers like Citadel Securities ...
Business Insider India3y
Legendary VC investor Bill Gurley wants to ban the order-flow practice at the heart of the Robinhood saga - and one platform is already abandoning it
Payment for order flow is a practice ... jump started by Robinhood 's launch in 2015, which was groundbreaking at the time when most investors had to pay upwards of $10 for every buy or sell ...
Business Insider India3y
Payment for order flow is compensation online brokers receive when third parties execute orders for them - here's how it affects you
In early 2021, online investment apps like Robinhood started ... Payment for order flow is the money a brokerage or investment app receives when they pay an outside firm to execute the investment ...