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Re the 1st question, the article gringoDan posted will explain it, but I think the important thing to clarify that can get lost in the detail is that "payment f
by smogcutter 7y ago
Re the 1st question, the article gringoDan posted will explain it, but I think the important thing to clarify that can get lost in the detail is that "payment for order flow" doesn't mean what it sounds like it means. They don't sell data in the way we usually think of in tech. Payment for order flow means Robinhood sells HFTs the opportunity to execute RH's transactions.