On 8 March 2024, the final consolidated revised Markets in Financial Instruments Regulation (MiFIR) ((EU) 2024/791) and Markets in Financial Instruments Directive (MiFID II) (Directive (EU) 2024/790) ...
Payment for order flow (PFOF) is a system where exchanges or brokers route trades to specific market makers in exchange for a fee. PFOF can negatively affect high-frequency, arbitrage and day trading ...
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