US Securities and Exchange Commission asks exchanges, FINRA to submit ‘tick size’ pilot plan

The US Securities and Exchange Commission unveiled a one-year “tick size” pilot program to let some stocks trade in five-cent increments instead of one-penny increments.In an order late, the SEC directed US stock exchanges and the Financial Industry Regulatory Authority (FINRA) to work together to submit a plan in the next 60 days to implement the pilot program.


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