Virtu, one of the most active firms in the payment for order flow sector, has been hit with an enforcement by the Securities and Exchange Commission (SEC). According to the SEC’s allegations, Virtu allowed access to material, nonpublic information (MNPI) which could have been used… Read More
Read more in: Politics, Legal & Regulation | Tagged carolyn welshhans, enforcement, payment for order flow, sec, virtu
DFlow, a “decentralized” payment for order flow (PFOF) protocol that enables wallets and crypto trading applications to sell their flow to best-execution market makers via open and permissionless auctions, announced that it has successfully raised a $5.5 million funding round led by Framework Ventures, a… Read More
Read more in: Blockchain & Digital Assets | Tagged crypto trading, crypto wallets, decentralization, decentralized finance, Decentralized Payment for Order Flow Protocol, defi, dflow, digital wallets, distributed ledger technology, dlt, framework ventures, investment round, payment for order flow, permissionless auctions, vc, venture capital
Robinhood (NASDAQ:HOOD), a social trading platform providing access to both traditional securities and crypto, is seeing a bump in its share price as chatter indicates that the practice of Payment for Order Flow – will remain in place. Robinhood promotes is a fee trading service… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged pat toomey, payment for order flow, robinhood, sec, securities and exchange commission
Senator Pat Toomey, the ranking member on the Senate Banking Committee, has introduced legislation designed to protect payment for order flow – the legal practice where firms pay to process trades collected by broker-dealers. The practice has garnered scrutiny due to its utilization by Robinhood,… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged investor freedom act of 2021, legislation, pat toomey, payment for order flow, robinhood, virtu
SEC Chairman Gary Gensler marched up to Capitol Hill yesterday to testify in front of the Senate Banking Committee in a hearing entitled “Oversight of the U.S. Securities and Exchange Commission”. Gensler outlined his ambitions at the SEC in his prepared remarks. While Gensler received… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Fintech, Opinion, Politics, Legal & Regulation | Tagged doug cifu, elizabeth warren, gary gensler, patrick toomey, payment for order flow, perspective, regulation, senate banking committee, sherrod brown, virtu
Robinhood, a digital investment platform that is heavy on social engagement, has been battered by its use of the practice of payment for order flow. This is where the trading platform sells the ability for dealers to route trades in their direction. Because Robinhood offers… Read More
Read more in: Fintech | Tagged jim swartout, payment for order flow, robinhood
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