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Germany has enough support to block EU’s PFOF ban

Possible compromise would be using consolidated tape to benchmark best execution

No entry sign Germany

Germany has enough support to form a blocking minority on draft EU rules that would ban the controversial practice of paying retail brokers to execute clients’ orders with a specific platform, say sources close to the issue.

A leaked document seen by Risk.net appears to confirm this, with other countries, including Italy, voicing objections to the ban on payment for order flow (PFOF).

“My

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