French resolution may lead EU to adopt US-style rules for PFOF
German and Czech proposals would also put kibosh on commission’s mooted ban on the practice
When EU member states can’t agree on a new regulation, the US may be the country to set the direction.
The Council of the EU is attempting to resolve a deadlock between member states on whether retail brokers can be paid to execute their flows with specific platforms. The council, comprising the elected governments of the EU’s 27 member states, has been weighing up three sets of compromises, and is now likely to allow payment for order flow (PFOF) in some form. The European Commission
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