NLX replaced two controversial rebates that have been in place for over a year
Nasdaq OMX NLX has replaced two
controversial rebate schemes with a new programme and taken the
unusual step of reminding clients of their responsibility not
to partake in market abuse.
The European futures platform replaced on
Sunday its short-term and long-term contract incentive schemes
with a new programme that pays different rebates per lot based
on the volume of trading by individual clients.
NLX will pay from Monday £0.1 for
every lot over 60,000 lots a day, £0.08 for activity
between 45,000 and 60,000 lots and £0.06 for lots between
30,000 and 45,000.
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