There are barriers to netted T+0 and real-time gross settlement.
PFOF was discussed at Congressional hearings into trading in GameStop last week.
The move is set to result in $100m of passive inflows to STAR stocks.
MOEX launched trading in international equities in August 2020.
Equity markets had record levels of value traded in 2020.
Robinhood CEO said customers received more than $1bn in price improvement due to payment for order flow.
The fund is one of the world’s first physically settled Bitcoin ETFs and and will launch in Toronto.
Innovation in displayed markets is important as off-exchange volumes are rising.
US SEFs have between 20% and 40% of European derivatives trading.