Equities
LSEG Turquoise increases rebates amid declining lit MTF landscape
Rebates on Turquoise will be significantly increased in September as the MTF looks to attract broker smart order routers.
Tag: Rebates
SEC approves controversial transaction fee pilot for stock exchanges
Securities and Exchange Commission unanimously approves a one-year programme, known as the transaction fee pilot, as part of a review of the ‘maker-taker’ trading system.
LSEG’s Turquoise cuts rebates as maker-taker debate in the US rages on
Turquoise will remove its negative fee structure as of 1 November, as LSEG says buy-side support of transaction fee pilot in the US influenced the move.
Buy-side agree maker-taker pricing is bad for markets
Latest research from Greenwich Associates finds majority of buy-side agree maker-taker pricing creates distortion and that rebates should be banned.