Track ECN Ups Rebate Scheme
CONNECTIVITY
NEW YORK--The Track ECN is changing its up-front rebate pricing scheme as its participation in Nasdaq’s SuperMontage system brings more traffic.
As of Nov. 4, Track increased its up-front rebate for adding liquidity from $0.002 per share to $0.0025 on its Rebate Pricing Model, which appears on Nasdaq systems as TRAC. Then, depending on the success of Track collecting from a client’s counterparty, the client can receive up to $0.00275 per share more in rebates, for a total $0.005 rebate for each
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