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SEC Committee Unveils Plan For 'Maker-Taker' Fee Study

Law360, New York (April 20, 2016, 11:21 PM EDT) -- An advisory group to the U.S. Securities and Exchange Commission has unveiled its proposal for a test of how trading in large stocks would perform if exchanges slashed the fees that fuel the controversial system of maker-taker rebates.

A so-called maker-taker fee pilot has long been discussed as a way to examine what would happen if the current system of exchanges paying rebates to trading firms that bring liquidity to their markets went away or was reduced.

The system, which was put in place under the...
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