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Brokerages jump on report SEC stops short of banning PFOF deals

Channel News Asia LogoChannel News Asia1w ago

Brokerages jump on report SEC stops short of banning PFOF deals - Channel News Asia

Quick Summary:

Shares of retail brokerage Robinhood Markets Inc and market maker Virtu Financial jumped in early trading following a media report that the U.S.

Securities and Exchange Commission (SEC) will stop short of banning payment-for-order-flow (PFOF).

The regulator had mulled over the controversial practice for months that critics believe creates conflicts of interest.


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Brokerages jump on report SEC stops short of banning PFOF deals - Channel News Asia (Picture 1)Brokerages jump on report SEC stops short of banning PFOF deals - Channel News Asia (Picture 2)

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Article Details

Category: Economy

Topics: Virtu Robinhood Retail Financial Trading Mediacorp Markets Brokers Shares Cent Pfof

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 21:57:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 2 minutes read

Article Length: 343 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 471445

View Article Analysis

About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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