Nasdaq Raises Rebate in TRF War
Traders Magazine, January 2008
Nasdaq hopes to up the ante at its trade reporting facility. Nasdaq and FINRA, which jointly own the TRF, have asked the Securities and Exchange Commission for permission to increase the market data rebate they give to their TRF users from 50 to 100 percent. The increase would put the rebate on par with that of the New York Stock Exchange's TRF, which is still seeking SEC approval for its pricing proposal.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.