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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Payment for order flow

Trading & orders
Also called: PFOF

An arrangement found in some foreign markets under which a broker is paid to route client orders to a particular firm rather than to an exchange.

In plain terms

Not part of the Indian arrangement. Your order reaches the exchange order book, and the broker is paid by the brokerage shown on your contract note.

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Indian stock market glossary · Market Vidyalaya