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Sweetening the Pot

Nasdaq Soups Up ETF Rebate to entice specialists

Traders Magazine, June 2008

James Ramage

The business of listing new exchange-traded funds is in the doldrums and so are Nasdaq's plans to build a competing ETF marketplace. The exchange said last September that when it launched its new service in a month it would be shooting for 100 listings very soon thereafter. So far, it has added just nine to its initial 20. As part of its plan to lure infant ETFs, Nasdaq this spring sweetened the terms of its rebate policy for ETF market makers. Nasdaq recently began paying "designated liquidity providers," those market makers who seed and

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