Remember Robinhood's $65 Million PFOF Fine? The Market Just Paid $1 Billion in a Quarter
US options payment for order flow reached $1.004 billion in the second quarter of 2026, the first quarterly total above $1 billion. The figure rose 23.6% from Q1, according to a Best Execution aggregation published by Global Trading. At that pace, market makers would pay retail brokers just over $4 billion a year for options orders. The annualized sum makes broker revenue increasingly sensitive to
US options payment for order flow reached $1.004 billion in the second quarter of 2026, the first quarterly total above $1 billion. The figure rose 23.6% from Q1, according to a Best Execution aggregation published by Global Trading. At that pace, market makers would pay retail brokers just over $4 billion a year for options orders. The annualized sum makes broker revenue increasingly sensitive to
Source: Finance Magnates