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European Parliament Committee Votes to Ban PFOF among Brokers

The European Parliament’s Economic Affairs Committee on Wednesday voted in favour of a draft law from the European Commission that seeks to ban payment for order flow (PFOF). The pro-ban vote clashes with the decision of EU member states to allow PFOF under specified strict conditions and in countries that chose to adopt it.

The vote has, therefore, pitted EU lawmakers with member states and both parties need to agree on a joint position that would become law, Reuters reports on Wednes... Read More

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Posted: Mar 1 2023, 20:11

Author Name: financemagnates

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