Virtu CEO Defends Payment For Order Flow

Traders Magazine – In a story about payment for order flow, Healthy markets Executive Director Tyler Gellasch is quoted saying ” payment for order flow exploits investors and provide incentives that exacerbate risks for the markets. We encourage this Committee and regulators to seek copies of all order routing arrangements between Robinhood and its market makers, and would similarly encourage the Committee to explore whether and how Robinhood factors receipt of payment for order flow into its order routing decisions for different types of orders and asset classes.” (Full Story).

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