HomeMember-only Robinhood, Schwab took in US$281m of cash-equity PFOF in Q4 2025 By Etienne Mercuriali February 17, 2026 11:34 am Share FacebookTwitterLinkedin This content is for registered users only. Please log in below, or REGISTER HERE to continue reading. Username Password Remember Me Forgot Password ©Markets Media Europe 2025 TOP OF PAGE TagsTower ResearchGTSRobinhoodELPsIMCWolverineEquitiesE*tradeMorgan Stanleytwo sigma securitiesOptionsWebullVirtuSchwabresearchretail tradingFidelitydata visualisationCitadel SecuritiesJump TradingJane StreetSusquehanna (SIG)market makersDash/IMCpayment for order flow (PFOF)Hudson River Trading (HRT)Charles SchwabFutu Share FacebookTwitterLinkedin Previous articleESMA to revisit off-tick guidance after exchange auction complaintNext articleSchwab hikes block trade costs; advisers driven to PFOF, boosting revenues Etienne Mercuriali Related Articles People moves Worrell leaves LSEG Member-only BlackRock leaks employees, promotions pick up News STG Group joins the electronic market maker fray Latest Articles Member-only BlackRock leaks employees, promotions pick up News STG Group joins the electronic market maker fray Member-only Energy materials led January passive sector rotation with US$23bn inflows Member-only Portfolio optimisation, better execution add US$4 billion to NBIM 2025 results News Euronext trumps Deutsche Borse in Q4 equities revenues Load more