Past, present and future of retail order flow data
Konstantinos Vafeidis, Associate (London)
![Post feature](/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBbmxMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--3d9ed32c131f3bfe86b7a989205d67299dcd62e6/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2QzNKbGMybDZaVWtpRFRFeU9EQjRPRFV6QmpzR1ZBPT0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--4a0ea5eeb6f0e6d47bff3b653fd69e214040023f/pexels-anna-nekrashevich-6802049.jpg)
Recent remarks by the SEC’s chairman regarding a potential ban on payment-for-order flows have unsettled diverse stakeholders in the US equity markets. We examine the impact of such a market reform on market data products.