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Knight backs Nasdaq's Facebook plan

The broker still objected to a requirement to waive legal claims against the exchange

Knight Capital voiced support for Nasdaq OMX's proposal to pay back firms damaged by the exchange's mismanagement of the Facebook stock market debut.

Knight's backing of the Nasdaq OMX payback plan, in a letter sent to regulators Wednesday, follows protests last week lodged by banks UBS and Citigroup, both of which said called the proposal underwhelming and poorly constructed.

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