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Nasdaq Raises Rebate in TRF War

Traders Magazine, January 2008

Peter Chapman

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.

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