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Discounting or Deception? Like Death and Taxes, Payment for Order Flow Goes On and On

Traders Magazine, January 2005

Mark Longo

Trips to exotic resorts and bottles of fancy wine were once offered in the options industry in exchange for order flow. It was a practice familiar in the equity trading markets. And sadly, it was an accepted cost of business. Call it shady. Whatever it was called, this was once part of the controversial system known as payment for order flow. But if you think this practice is now history, think again.

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