order flows tl; dr "orderflow nontoxic is when expected future price does not change given the order鈥檚 existence; that is, the trade provides no predictive signal for the expected price in the future." expected markout in this dir exclusive order flows payment for order flows (pfof) projects addressing eof primitives resources overview of mev and eth progress, by alex stokes the orderflow auction design space, by stephane and ankit everything you need to know about order flow auctions, by tuomikooski and monteiro