‘No evidence that PFOF harms price execution,’ finds new research
Professors from the University of California conducted a detailed academic study of brokerage accounts, concluding that payment for order flow does not appear to impact price.
Tag: PFOF
Regulation
Cat among the pigeons? New report outlines the latest Mifid II amendments
A new draft report on Mifid II amendments confirms plans to ban payment for order flow (PFOF) in Europe, as well as removing dark pool caps and supporting a pre-trade consolidated tape, among others. The TRADE explores these legislative updates in detail to provide a comprehensive summary of the proposed changes.