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{{a|g|}}Oh lord, where to start. | {{a|g|}}Oh lord, where to start. | ||
Payment for order flow was a big deal in Europe for years, and the Americans — usually such fastidious over-regulators — have been strikingly blasé about it. Much of the American love of playing the markets depends on it, in fact. | |||
All this was brought into sharp, public relief, in the great [[market un-crash]] of January 2021, when the massed armies of the investing public — for so long a huge, docile cow, tethered to the stall and irretrievably wired into the great [[financial services]] milking machine — woke up and decided to have things their way for once. | |||
Said milking machine reacted rather petulantly. In the mean time a great awakening was happening. In a turn of events that is rather characterising the digital revolution, the denizens of Reddit discovered they were the ''product'', not the ''customer'', and the means of that transmission was [[payment for order flow]]. | |||
===What is PFOF?=== | ===What is PFOF?=== |