TD Ameritrade Payment For Order Flow; HFT Relationship

Mark Melin

Published onJune 17, 2014

Updated on May 13, 2021

TD Ameritrade Holding Corp. (NYSE:AMTD) revealed its order-routing revenue was $236 million in 2013, up from $184 million in 2012, according to a report in the Wall Street Journal.

TD Ameritrade 's payment for order flow

Independent analysis shows just how dependent the firm is on what is considered payment for order flow. With TD Ameritrade Holding Corp. (NYSE:AMTD)’s net revenue of $752 million in 2013, at first glance payment for order flow provided TD Ameritrade over 30 percent of its revenue. This is a consistent percentage with other firms. The CME Group Inc...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

TD Ameritrade Payment For Order Flow; HFT Relationship

TD Ameritrade 's payment for order flow

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