The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?
The TRADE
AUGUST 21, 2023
Among the SEC’s reforms is the proposal to amend certain rules under Reg NMS to adopt variable minimum pricing increments – or tick sizes – for the quoting and trading of NMS stocks. Looking at tick size too, if you don’t get that right, you can reduce and fragment liquidity and make it more costly to trade.”
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