REUTERS – Rival exchanges on Thursday lashed out at Nasdaq OMX's $40 million plan to compensate clients for its mishandling of Facebook's initial public offering last month, calling the plan “illegal,” “anti-competitive” and saying it was unlikely to be approved by U.S. regulators. A day after Nasdaq rolled out its plan, which would mostly consist of trading discounts for clients, rival exchanges questioned the legitimacy of the proposal, and one of Nasdaq's biggest customers said the sum offered was not nearly enough. …
Originally posted here: Nasdaq rivals blast its Facebook compensation plan
