{"id":180689,"date":"2021-08-16T15:27:00","date_gmt":"2021-08-16T19:27:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/payment-for-order-flow\/"},"modified":"2023-01-22T13:37:07","modified_gmt":"2023-01-22T18:37:07","slug":"payment-for-order-flow","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/payment-for-order-flow\/","title":{"rendered":"Payment for Order Flow"},"content":{"rendered":"<p>Some brokers will sell client orders to market makers. Those market makers then pay the brokers for these orders. Market makers can trade with those order by taking the other side of the trade. This is how an execution price is established.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some brokers will sell client orders to market makers. Those market makers then pay the brokers for these orders. Market makers can trade with those order by taking the other side of the trade. 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