Investopedia

Directed Order: What It Means, How It Works

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Directed order flow occurs when a customer's order to buy or sell securities is ...
Investopedia

Payment for Order Flow (PFOF): Definition and How It Works

Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and currently holds a Life, Accident, and Health License in Indiana. He has 8 years experience in finance, from ...
Bloomberg L.P.

Best execution as best practice: Q&A

This interview was first published in the Jul-Sep Issue of Risk & Compliance magazine. Janos Renz Hotz is the global head of product of Bloomberg transaction cost analysis (BTCA). With a focus on ...
JD Supra

FINRA Clarifies Guidance on Best Execution and Payment for Order Flow

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 ...