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Nasdaq Boosts NYSE-Stock Rebate

Traders Magazine, January 2008

Nina Mehta

Two months after an aggressive pricing move by NYSE Arca in New York Stock Exchange-listed securities, Nasdaq goosed its rebate for Tape A securities. In October, NYSE Arca increased its liquidity-provider rebate for NYSE-listed names to 25 cents per 100 shares, from 20 cents. That put its maker-taker pricing at 25/30, leaving it with a nickel spread, half of what it had been. The move came in a bid to chase Nasdaq, which has had great success in capturing NYSE-listed flow.

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