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Payment for Order Flow Makes Comeback

Traders Magazine, November 2002

Saff Reports

The controversial payment for order flow practice has again found a supporter. The Philadelphia Stock Exchange has endorsed it, leading to criticism from other options exchanges. For example, officials of the Chicago Board Options Exchange (CBOE) said it was "regrettable that the practice of payment for order flow is escalating." The American Stock Exchange reiterates its current policy, noting that the exchange does not support payment for order flow arrangements.

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