Feb 17th, 2021
How Wall Street Firms Make Billions Off Retail Trades
It's not a new practice on Wall Street, but payment for order flow (PFOF) has come under new scrutiny in the wake of the GameStop frenzy and the boom in day trading. Sonali Basak explains why transactions between retail brokerages and large high-frequency trading firms have raised eyebrows, as well as hackles, in the financial world. (Source: Bloomberg)
