NYSE, Nasdaq volume discounts for brokers threatened by SEC proposal
The setup can result in larger firms offering customers better transaction prices than smaller ones, SEC Chair Gary Gensler said.
The New York Stock Exchange and Nasdaq would no longer be able to offer a kind of special discount that rewards Wall Street brokerages for routing large amounts of trade orders to them under a new plan from the Securities and Exchange Commission.
On Wednesday, the SEC proposed banning so-called v
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