EU Set to Ban Trading Practice Helping Power Meme-Stock Mania
- Parallels potential U.S. move to stem payment for order flow
- MiFID review also looking to facilitate consolidated tape
Regulators are concerned that video-game like prompts have encouraged excessive trading on app-based brokerages that fueled a explosive surge in value for GameStop Corp. and other stocks this year.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
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The European Commission is planning to ban payment for order flow, paralleling potential U.S. moves to stem a practice that hit the headlines during the meme-stock mania.