Knight nears compromise in Nasdaq-Facebook repayment plan-source

A man takes a photo outside the Nasdaq Market site in New York's Times SquareNEW YORK (Reuters) – Knight Capital Group is closer to accepting Nasdaq OMX Group's repayment plan for firms that lost money due to Facebook's bungled initial public offering, but still has some concerns, a source familiar with the company's thinking said on Tuesday. Nasdaq on Friday boosted the amount of its payback fund to $62 million in cash from an earlier $40 million proposal made up mostly of trading rebates. It also said it would reimburse a broader range of investor losses. “Nasdaq has moved in the right direction with this,” the source said. …


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