TheBlock
2020-08-06 15:36:11

Largest brokers saw a 59% increase in payments from trading firms for order flow

Quick TakeIn aggregate, PFOF payments to E*Trade, TDAmeritrade and its clearing subsidiary, Charles Schwab and Robinhood increased from $428.2 million during Q1 20 to $682.9 million in Q2 20, a 59% increaseAn 91% quarter over quarter increase in options payments for Robinhood helped it surpass TD Ameritrade in terms of total payments receivedCharles Schwab and E*Trade had the lowest increase in PFOF from Q1 to Q2, 16%, and 21% respectivelyThere was a 110% increase in options order flow from the beginning of Q1 to end the end of Q2

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer