Examples of Customer Rebates in a sentence
The Exchange’s proposal to no longer pay Customer Rebates on options overlying NDX and MNX in any Category is equitable and not unfairly discriminatory because the Exchange would no longer pay Customer Rebates on any transaction with options overlying either NDX or MNX to any market participant.
Specifically, the Exchange is proposing to modify the four tier structure for paying Customer Rebates to Add Liquidity in Penny Pilot Options.
Members would continue to benefit from the inclusion of options overlying NDX and MNX in the total volume to qualify a market participant for a Customer Rebate.Also, the Exchange’s proposal to no longer pay Customer Rebates on options overlying NDX and MNX in any Category does not impose an undue burden on inter- market competition because there is only one other exchange that transacts options overlying NDX and MNX through a contractual agreement with the Exchange.
The Exchange believes that not paying Customer Rebates on options overlying NDX and MNX further aligns these products with other Singly Listed Options as compared to Multiply-Listed Options.It is equitable and not unfairly discriminatory to no longer pay Customer Rebates on options overlying NDX and MNX in any Category because the Exchange would apply its calculation to determine the eligibility and payment of Customer rebates in a uniform manner.
Customer Rebates Customer rebates are commonly offered as industry practice and are generally based on achievement of specified volume sales levels.