FLASH FRIDAY: PFOF Under the Microscope (Again)
Traders Magazine 0 Shares FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet, a Nomura Company. This week’s highly publicized GameStop hearings on Capitol Hill have put payment for order flow under the microscope, yet again. The backstory, in a nutshell: GameStop stock surged eightfold in a week in late January, only to drop almost 90% in the subsequent two weeks. The extreme gyrations were driven largely by a retail buying (and selling) frenzy, with orders pushed through Robin...
Source: tradersmagazine.com