Electronic funds transfer systems. For example, in the United States, they may be referred to as "electronic checks" or "e-checks". In the United Kingdom, the term "bank transfer" and "bank payment" are used, while in several other European countries "giro transfer" is the common term. EFTs include, but are not limited to: Electronic funds transfer Electronic funds transfer (EFT) are electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff. According to the United States Electronic Fund Transfer Act of 1978 it is
Payment for order flow obtain monopoly power. In the United States, accepting payment for order flow is only allowed if no other trading venue is quoting a better price on the National Market System. Moreover, the broker must inform its client in writing that it accepts payment for order flow: Payment for order flow In financial markets payment for order flow refers to the compensation that a broker receives, not from its client, but from a third party that wants to influence how the broker routes client orders. In general, market makers such as dealers and securities exchanges are willing to pay a broker