It looks like payment for order flow is becoming less important to the now-public stock and crypto brokerage Robinhood, according to data compiled by The Block. During the second quarter of the year, Robinhood reported in a 606 filing with the Securities and Exchange Commission that it brought in $216 million from payment for order flow (PFOF). PFOF refers to the process of brokers offloading their retail stock and options orders to large trading firms to internalize. Those trading firms pay for that order flow. It's controversial because some opponents say that practice introduces conflicts of interests, whereas ... (full story)