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Nasdaq Battles SEC Over Price Cut for Retail Brokers

Traders Magazine Online News, October 27, 2011

Peter Chapman

Nasdaq OMX is challenging the Securities and Exchange Commission over its decision to disapprove a Nasdaq proposal for a novel pricing strategy aimed at retail brokerages. The exchange operator has engaged Eugene Scalia, a partner at attorneys Gibson, Dunn & Crutcher, to represent it in its quest to win the right to package two products under one pricing scheme.

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