Daily Fintech Conversations

What has triggered the explosion of payments for order flow? Not Fidelity

Originally published at: https://dailyfintech.com/2019/10/22/what-has-triggered-the-explosion-of-payments-for-order-flow-not-fidelity/

The Robinhood effect popped up again, as Schwab slashed its stock commissions to zero and forced TD Ameritrade, E-trade, Interactive Brokers, Ally Invest, and Fidelity to follow suit over the next few days. Schwab called this the zero commission brokerage war, on CNN. This war is just the beginning of a broader trend that will…