A simple model of payment for order flow, internalization, and total trading cost
Content The role of the exchanges: makers, takers, and fees Research Spotlight: Payment for Order Flow and Price Improvement Frequently asked questions about PFOF What Is a Creditor’s Committee? PFOF Ban: Win-Win for Hedge Funds? A simple model of payment for order flow, internalization, and total trading cost☆ Brokers that Don’t Sell Your Order Flow …
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