Usually means: Brokers receive fees for routing orders.
Definitions Related words Mentions
We found 6 dictionaries that define the word Payment for order flow:

General (2 matching dictionaries)
  1. payment for order flow: Dictionary.com
  2. Payment for order flow: Wikipedia, the Free Encyclopedia

Business (4 matching dictionaries)
  1. INVESTORWORDS (No longer online)
  2. Payment For Order Flow: Investopedia
  3. Payment for Order Flow, Payment for order flow: Financial dictionary

Definitions from Wikipedia (Payment for order flow)

noun:  the compensation that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to that market maker.


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