Nasdaq OMX's (NDAQ) rivals slam the exchange's plans to compensate financial firms for...
Nasdaq OMX's (NDAQ) rivals slam the exchange's plans to compensate financial firms for Facebook's bungled trading debut. Direct Edge CEO William O'Brien says that Nasdaq's proposal to discount trading fees seems "illegal," and that his firm will "vigorously object." BATS Chi-X Europe calls the scheme "a bad way to do it," while NYSE (NYX) is also unhappy.
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