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Does IG receive Payment for Order Flow (PFOF)?


iguser3

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Does IG sell its customers Order Flow information? Payment for Order Flow (PFOF). 

For those unaware of what it is,

"In financial markets, payment for order flow refers to the compensation that a broker receives, not from its client, but from a third party that wants to influence how the broker routes client orders for fulfillment. It is a controversial practice that has been called a "kickback". Wikipedia article

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22 minutes ago, iguser3 said:

Does IG sell its customers Order Flow information? Payment for Order Flow (PFOF). 

For those unaware of what it is,

"In financial markets, payment for order flow refers to the compensation that a broker receives, not from its client, but from a third party that wants to influence how the broker routes client orders for fulfillment. It is a controversial practice that has been called a "kickback". Wikipedia article

Not that I've ever heard;

No comission Robinhood (ha), half of their revenues comes from payments from Citidel for orderflow data.

''Citadel, 2004: ban payment for orderflow KMZR Draft (sec.gov)

Citadel, 2020: paid Robinhood $362.5MM for orderflow''

Exposing The Robinhood Scam: Here's How Much Citadel Paid To Robinhood To Buy Your Orders | ZeroHedge

image.thumb.png.c4347330d3598eaf5c5b4554986fa9de.png

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