Top 5 Brokers Raked In Over $1 Billion Payment For Order Flow During The First Quarter Of 2021
TD Ameritrade, Robinhood, E*Trade, Charles Schwab (NYSE:SCHW), and Webull collected $1.02 billion in payment for order flow in the first quarter of the year.
$436 million of these payments came from equity trades, while $587 million have been paid for options trades