New York Sweeps Boston... Sort Of...

If you thought trying to explain the rules of baseball to the English (or explaining cricket to Americans) is hard, try explaining the market data revenue-sharing formula for stocks on the consolidated tape post-Reg NMS. However, Nasdaq believes it can generate potentially significant revenues by leveraging the Boston Stock Exchange's market license to operate a second listed market, and having a second source of Tape B quotes to ramp up Nasdaq's share of the revenue-sharing (see related art

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