GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow_老虎社区_美港股上老虎

GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow

The Wall Street Journal2021-03-10

Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny WASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

kcsg
·2021-03-11
Cool
回复
点赞
举报
Yongshunn
·2021-03-10
Loads still have to be done before words are put on paper.
回复
点赞
举报
收起
- Khinnn:
  True that
  2021-03-10
  回复
  举报
WangWang99
·2021-03-10
Wow
回复
点赞
举报
Xiaomingz
·2021-03-10
Yes
回复
点赞
举报
收起
- WangWang99:
  Wow
  2021-03-10
  回复
  举报
Xiaomingz
·2021-03-10
Good
回复
点赞
举报
收起
- Xiaomingz:
  Tws
  2021-03-10
  回复
  举报
T2021073008
·2021-03-10
Nice
回复
点赞
举报
收起
- T2021073008:
  Good
  2021-03-10
  回复
  举报
Iamkpy
·2021-03-10
👏🏼👏🏼👏🏼
回复
点赞
举报
收起
- T2021073008:
  Yayyay
  2021-03-10
  回复
  举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1193776537?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-03-10 14:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1193776537","market":"us","top_or_hot":-1,"title":"GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow","media":"The Wall Street Journal","content":"<div>\n<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...</p>\n\n<a href=\"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...</p>\n\n<a href=\"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1","article_id":"1193776537","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193776537","pubTimestamp":1615358317,"sourceInfo":null,"weMediaInfo":null,"summary":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s s","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"游戏驿站事件促使SEC权衡订单流支付审查","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"GME":0.9},"content_text":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.\nThe system, known as payment for order flow, is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.\nIn a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.\nMs. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.\nMs. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks created such volatility that some brokers had to curb tradingto meet margin calls from their clearinghouses.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":321486671,"gmtCreate":1615461696193,"gmtModify":1703489366806,"author":{"id":"3553764656794856","authorId":"3553764656794856","name":"kcsg","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3553764656794856","idStr":"3553764656794856"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321486671","repostId":1193776537,"repostType":2,"repost":{"id":"1193776537","pubTimestamp":1615358317,"share":"https://www.laohu8.com/m/news/1193776537?lang=&edition=full","pubTime":"2021-03-10 14:38","market":"us","language":"en","title":"GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow","url":"https://stock-news.laohu8.com/highlight/detail?id=1193776537","media":"The Wall Street Journal","summary":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s s","content":"<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny</p>\n<p>WASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.</p>\n<p>The system, known as payment for order flow, is decades old but has generated greater scrutiny&nbsp;as more individual investors trade on brokerage apps&nbsp;operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.</p>\n<p>In a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.</p>\n<p>Ms. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.</p>\n<p>Ms. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks&nbsp;created such volatility&nbsp;that some brokers had to curb tradingto meet margin calls from their clearinghouses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...</p>\n\n<a href=\"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","GME":"游戏驿站",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193776537","content_text":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.\nThe system, known as payment for order flow, is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.\nIn a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.\nMs. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.\nMs. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks created such volatility that some brokers had to curb tradingto meet margin calls from their clearinghouses.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":323465221,"gmtCreate":1615368416963,"gmtModify":1703487971676,"author":{"id":"3573619902166819","authorId":"3573619902166819","name":"Yongshunn","avatar":"https://static.tigerbbs.com/9012fdd920e4fb2d023488613b795275","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3573619902166819","idStr":"3573619902166819"},"htmlText":"Loads still have to be done before words are put on paper.&nbsp;","listText":"Loads still have to be done before words are put on paper.&nbsp;","text":"Loads still have to be done before words are put on paper.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323465221","repostId":1193776537,"repostType":2,"repost":{"id":"1193776537","pubTimestamp":1615358317,"share":"https://www.laohu8.com/m/news/1193776537?lang=&edition=full","pubTime":"2021-03-10 14:38","market":"us","language":"en","title":"GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow","url":"https://stock-news.laohu8.com/highlight/detail?id=1193776537","media":"The Wall Street Journal","summary":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s s","content":"<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny</p>\n<p>WASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.</p>\n<p>The system, known as payment for order flow, is decades old but has generated greater scrutiny&nbsp;as more individual investors trade on brokerage apps&nbsp;operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.</p>\n<p>In a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.</p>\n<p>Ms. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.</p>\n<p>Ms. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks&nbsp;created such volatility&nbsp;that some brokers had to curb tradingto meet margin calls from their clearinghouses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...</p>\n\n<a href=\"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","GME":"游戏驿站",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193776537","content_text":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.\nThe system, known as payment for order flow, is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.\nIn a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.\nMs. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.\nMs. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks created such volatility that some brokers had to curb tradingto meet margin calls from their clearinghouses.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3759286,"gmtCreate":1615368749993,"gmtModify":1635756450663,"authorId":3555844291871887,"author":{"id":3555844291871887,"idStr":"3555844291871887","authorId":3555844291871887,"name":"Khinnn","avatar":"https://static.tigerbbs.com/68bb613a8a22170239f7d35424875e1d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":323465221,"type":1,"supId":0,"prevId":0,"content":"True that","text":"True that","html":"True that"}],"langContent":"EN"},{"id":323554813,"gmtCreate":1615359875132,"gmtModify":1703487858903,"author":{"id":"3571302014333483","authorId":"3571302014333483","name":"WangWang99","avatar":"https://static.tigerbbs.com/fd291ad34521fc1ebab496105c2f882d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3571302014333483","idStr":"3571302014333483"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/323554813","repostId":1193776537,"repostType":4,"repost":{"id":"1193776537","pubTimestamp":1615358317,"share":"https://www.laohu8.com/m/news/1193776537?lang=&edition=full","pubTime":"2021-03-10 14:38","market":"us","language":"en","title":"GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow","url":"https://stock-news.laohu8.com/highlight/detail?id=1193776537","media":"The Wall Street Journal","summary":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s s","content":"<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny</p>\n<p>WASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.</p>\n<p>The system, known as payment for order flow, is decades old but has generated greater scrutiny&nbsp;as more individual investors trade on brokerage apps&nbsp;operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.</p>\n<p>In a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.</p>\n<p>Ms. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.</p>\n<p>Ms. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks&nbsp;created such volatility&nbsp;that some brokers had to curb tradingto meet margin calls from their clearinghouses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...</p>\n\n<a href=\"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","GME":"游戏驿站",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193776537","content_text":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.\nThe system, known as payment for order flow, is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.\nIn a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.\nMs. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.\nMs. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks created such volatility that some brokers had to curb tradingto meet margin calls from their clearinghouses.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":323558711,"gmtCreate":1615359623433,"gmtModify":1703487853207,"author":{"id":"3569317726903097","authorId":"3569317726903097","name":"Xiaomingz","avatar":"https://static.tigerbbs.com/4a82fa9be100034eca26282ec277221f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3569317726903097","idStr":"3569317726903097"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323558711","repostId":1193776537,"repostType":4,"repost":{"id":"1193776537","pubTimestamp":1615358317,"share":"https://www.laohu8.com/m/news/1193776537?lang=&edition=full","pubTime":"2021-03-10 14:38","market":"us","language":"en","title":"GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow","url":"https://stock-news.laohu8.com/highlight/detail?id=1193776537","media":"The Wall Street Journal","summary":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s s","content":"<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny</p>\n<p>WASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.</p>\n<p>The system, known as payment for order flow, is decades old but has generated greater scrutiny&nbsp;as more individual investors trade on brokerage apps&nbsp;operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.</p>\n<p>In a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.</p>\n<p>Ms. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.</p>\n<p>Ms. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks&nbsp;created such volatility&nbsp;that some brokers had to curb tradingto meet margin calls from their clearinghouses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...</p>\n\n<a href=\"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","GME":"游戏驿站",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193776537","content_text":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.\nThe system, known as payment for order flow, is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.\nIn a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.\nMs. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.\nMs. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks created such volatility that some brokers had to curb tradingto meet margin calls from their clearinghouses.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3758543,"gmtCreate":1615359891727,"gmtModify":1635756487014,"authorId":3571302014333483,"author":{"id":3571302014333483,"idStr":"3571302014333483","authorId":3571302014333483,"name":"WangWang99","avatar":"https://static.tigerbbs.com/fd291ad34521fc1ebab496105c2f882d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":323558711,"type":1,"supId":0,"prevId":0,"content":"Wow","text":"Wow","html":"Wow"}],"langContent":"EN"},{"id":323551743,"gmtCreate":1615359537082,"gmtModify":1703487851829,"author":{"id":"3569317726903097","authorId":"3569317726903097","name":"Xiaomingz","avatar":"https://static.tigerbbs.com/4a82fa9be100034eca26282ec277221f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3569317726903097","idStr":"3569317726903097"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323551743","repostId":1193776537,"repostType":4,"repost":{"id":"1193776537","pubTimestamp":1615358317,"share":"https://www.laohu8.com/m/news/1193776537?lang=&edition=full","pubTime":"2021-03-10 14:38","market":"us","language":"en","title":"GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow","url":"https://stock-news.laohu8.com/highlight/detail?id=1193776537","media":"The Wall Street Journal","summary":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s s","content":"<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny</p>\n<p>WASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.</p>\n<p>The system, known as payment for order flow, is decades old but has generated greater scrutiny&nbsp;as more individual investors trade on brokerage apps&nbsp;operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.</p>\n<p>In a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.</p>\n<p>Ms. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.</p>\n<p>Ms. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks&nbsp;created such volatility&nbsp;that some brokers had to curb tradingto meet margin calls from their clearinghouses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...</p>\n\n<a href=\"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","GME":"游戏驿站",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193776537","content_text":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.\nThe system, known as payment for order flow, is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.\nIn a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.\nMs. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.\nMs. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks created such volatility that some brokers had to curb tradingto meet margin calls from their clearinghouses.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3758507,"gmtCreate":1615359585814,"gmtModify":1635756488708,"authorId":3569317726903097,"author":{"id":3569317726903097,"idStr":"3569317726903097","authorId":3569317726903097,"name":"Xiaomingz","avatar":"https://static.tigerbbs.com/4a82fa9be100034eca26282ec277221f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":323551743,"type":1,"supId":0,"prevId":0,"content":"Tws","text":"Tws","html":"Tws"}],"langContent":"EN"},{"id":323550442,"gmtCreate":1615359095786,"gmtModify":1703487847692,"author":{"id":"3573120478211201","authorId":"3573120478211201","name":"T2021073008","avatar":"https://static.tigerbbs.com/14b8430a289443f02b32c8c00831b59e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3573120478211201","idStr":"3573120478211201"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323550442","repostId":1193776537,"repostType":4,"repost":{"id":"1193776537","pubTimestamp":1615358317,"share":"https://www.laohu8.com/m/news/1193776537?lang=&edition=full","pubTime":"2021-03-10 14:38","market":"us","language":"en","title":"GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow","url":"https://stock-news.laohu8.com/highlight/detail?id=1193776537","media":"The Wall Street Journal","summary":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s s","content":"<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny</p>\n<p>WASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.</p>\n<p>The system, known as payment for order flow, is decades old but has generated greater scrutiny&nbsp;as more individual investors trade on brokerage apps&nbsp;operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.</p>\n<p>In a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.</p>\n<p>Ms. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.</p>\n<p>Ms. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks&nbsp;created such volatility&nbsp;that some brokers had to curb tradingto meet margin calls from their clearinghouses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...</p>\n\n<a href=\"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","GME":"游戏驿站",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193776537","content_text":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.\nThe system, known as payment for order flow, is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.\nIn a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.\nMs. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.\nMs. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks created such volatility that some brokers had to curb tradingto meet margin calls from their clearinghouses.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3758499,"gmtCreate":1615359507329,"gmtModify":1635756489079,"authorId":3573120478211201,"author":{"id":3573120478211201,"idStr":"3573120478211201","authorId":3573120478211201,"name":"T2021073008","avatar":"https://static.tigerbbs.com/14b8430a289443f02b32c8c00831b59e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":323550442,"type":1,"supId":0,"prevId":0,"content":"Good ","text":"Good ","html":"Good "}],"langContent":"EN"},{"id":323550009,"gmtCreate":1615358931101,"gmtModify":1703487846488,"author":{"id":"3573452000639292","authorId":"3573452000639292","name":"Iamkpy","avatar":"https://static.tigerbbs.com/2ee993a4988fd922ff48245cf339d81f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3573452000639292","idStr":"3573452000639292"},"htmlText":"👏🏼👏🏼👏🏼","listText":"👏🏼👏🏼👏🏼","text":"👏🏼👏🏼👏🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323550009","repostId":1193776537,"repostType":4,"repost":{"id":"1193776537","pubTimestamp":1615358317,"share":"https://www.laohu8.com/m/news/1193776537?lang=&edition=full","pubTime":"2021-03-10 14:38","market":"us","language":"en","title":"GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow","url":"https://stock-news.laohu8.com/highlight/detail?id=1193776537","media":"The Wall Street Journal","summary":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s s","content":"<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny</p>\n<p>WASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.</p>\n<p>The system, known as payment for order flow, is decades old but has generated greater scrutiny&nbsp;as more individual investors trade on brokerage apps&nbsp;operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.</p>\n<p>In a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.</p>\n<p>Ms. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.</p>\n<p>Ms. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks&nbsp;created such volatility&nbsp;that some brokers had to curb tradingto meet margin calls from their clearinghouses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Saga Prompts SEC to Weigh Review of Payment for Order Flow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a...</p>\n\n<a href=\"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","GME":"游戏驿站",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/gamestop-saga-prompts-sec-to-weigh-review-of-payment-for-order-flow-11615316739?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193776537","content_text":"Practice of funneling small investors’s stock orders to high-speed trading firms draws regulator’s scrutiny\nWASHINGTON—The Securities and Exchange Commission’s acting chairwoman signaled support for a wholesale review of a practice that funnels many small investors’ stock orders to be filled by high-speed trading firms.\nThe system, known as payment for order flow, is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps operated by companies such as Robinhood Markets Inc. Online brokers like Robinhood make money by selling customers’ orders to firms such as Citadel Securities and Susquehanna International Group LLP, which trade with them.\nIn a letter made public Tuesday, SEC Acting Chairwoman Allison Herren Lee said regulators should examine such arrangements to make sure practices are fully disclosed and “consistent with best execution obligations.” That requirement considers whether customers get a better price than what is currently quoted in the market, the speed of execution and the probability their order will be filled.\nMs. Lee’s letter, which was sent in response to questions from Sen. Elizabeth Warren (D., Mass.), didn’t say how or when the SEC might start a review of payment for order flow. An agency spokeswoman didn’t immediately return a message seeking comment.\nMs. Warren sent questions to the SEC in January after frenetic trading in shares of GameStop Corp. and other so-called meme stocks created such volatility that some brokers had to curb tradingto meet margin calls from their clearinghouses.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3758501,"gmtCreate":1615359516477,"gmtModify":1635756488957,"authorId":3573120478211201,"author":{"id":3573120478211201,"idStr":"3573120478211201","authorId":3573120478211201,"name":"T2021073008","avatar":"https://static.tigerbbs.com/14b8430a289443f02b32c8c00831b59e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":323550009,"type":1,"supId":0,"prevId":0,"content":"Yayyay","text":"Yayyay","html":"Yayyay"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":12,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}