SEC denies request to change the rebates the exchange offers options clients
The top US options regulator has blocked a request by Nasdaq
OMX to tweak and hike the rebates it pays on its main options
market in the latest sign of growing regulatory disquiet with
payment for order flow.
The US exchange applied last year to the Securities and
Exchange Commission for approval to make changes to its rebate
scheme that would effectively award rebates based on the
aggregate trading across Nasdaq’s various
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