NSX Drops Data Credits, Ups Rebates
The changes, which took effect as of Oct. 1 when NSX filed its proposed rule change with the Securities and Exchange Commission, means that automated trades in designated ETFs executed at $1 or more per share, will receive a liquidity rebate of $0.0035 per share executed, an increase from the previous liquidity rebate of $0.0030.
Michael Traynor, chief strategy officer at NSX, says the exchange now provides the most aggressive liquidity rebate for ETFs of any exchange or market center, and makes
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