Demographic

Gen Z and PFOF: The Generation Most Affected by Citadel Market Making

Gen Z retail investors — who entered markets through gamified PFOF-dependent apps — face the greatest exposure to Citadel market-making extraction.

The Onboarding Problem

Millions of Gen Z investors were onboarded through Robinhood's gamified interface with no understanding of PFOF. Their 'free' trades fund Citadel's operations through mechanisms they were never told about.

Gen Z investors PFOFyoung investors CitadelRobinhood Gen Z

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