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The absence of a ban on payment for order flow is in contradiction with chair Gensler’s original plans.

As the financial industry digests the SEC’s long-awaited decision on Payment-for-Order-Flow – and Netflix’s treat

As Payment-for-Order-Flow (PFOF) is coming under increased scrutiny in both the US and EU, professional trading chiefs propose a unique solution of their own.

The trading of Twitter shares over the past couple of weeks has been at an all-time high for retail investors. In April so far, trades in the stock have been 11x higher than the monthly average since 2020, the Wall Street Journal reports.

Daniel Schlaepfer recently spoke to Forbes about trends in professional trading, Payment-for-Order-Flow, the increasing costs of regulation, his recent lawsuit against ASIC, and why he’d cut off your tie if you wore one to the office.

Last week’s long-awaited release of the SEC’s report on January’s GameStop saga highlighted the role of payment-for-order-flow (PFOF) in the ‘gamification’ of day trading, but stopped short of banning the practice outright.

The Ontario Securities Commission (OSC) announced today the membership of the Market Structure Advisory Committee (MSAC) for the 2021–2023 term. Established in 2011, the MSAC serves as a forum to discuss issues associated with market structure and marketplace operations.

Mr. Schlaepfer is pleased that ASIC’s truth defence has been struck down, rejecting the finding that Select Vantage Inc. (SVI) traders had engaged in market manipulation.

“The bull, it seems, has gone berserk. What had been a relentless but mostly orderly rise in stock prices since last spring has given way to a riotous new phase of the bull market, fuelled by frenzied trading among the growing ranks of small investors and rookie day traders.”