Reuters file photo
The deal being discussed will be all cash, and likely more than the $40 million originally proposed, though nothing had been finalized, the report said, citing sources.
Nasdaq is working with the U.S. Securities and Exchange Commission on a second draft of the proposal, according to the report.
One source told the network the new proposal could be as high $100 million, all cash.
Nasdaq had proposed a $40 million pool, made up of $13.7 million in cash, with the rest in trading credits. The plan drew criticism from market makers who lost an estimated $200 million on the IPO, and by other exchanges, which said the trading credits would force the firms to trade on Nasdaq.
Nasdaq declined to comment on the report.
