Now that almost every brokerage has followed in the footsteps of Robinhood and adopted commission-free trading, how do these companies make money? One main source of revenue is from a small sum of ...

Forex order flow refers to the real-time record of buy and sell orders in the foreign exchange market. It represents the collective actions of currency market participants and provides invaluable ...

While the search for the elusive block trade remains very high on the buyside’s to-do list, one consultancy said that incremental order flow is also desirable and can be had using high-quality and ...

Robinhood, the uber-popular brokerage, helped usher in a new era of commission-free trading. It pushed established financial institutions, such as Charles Schwab and Fidelity, to follow suit. Sadly, ...

The Financial Industry Regulatory Authority (FINRA) recently issued a Regulatory Notice (Notice) reminding firms of their obligations with respect to best execution and payment for order flow. 1 These ...

Unlike the bursting of the dot-com bubble in 2001 or the global financial crisis in 2008, markets in 2025 did not experience a prolonged, large-scale liquidation cycle or a “storm-like” sequence of ...

The conditional order type is a useful and efficient tool for sourcing block liquidity. In this paper, we seek to provide more clarity on conditional order function and the benefits in the context of ...

Liquidity is a term that's used to refer to how easily an asset or security can be bought or sold in the market. Liquidity risk was not on everyone's radar before the global financial crisis (GFC).