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NDAQ » Topics » Broker-Dealer Rebates

This excerpt taken from the NDAQ 8-K filed Jan 27, 2006.

Broker-Dealer Rebates

 

Broker-dealer rebates expense consists of execution fees paid to subscriber customers that initiate a buy or sell limit order transaction. The customers are paid on a per share basis on orders that have been matched. Rebates are recorded on a trade date basis.

 

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