Proposed NMS Plan to Implement Tick Size Pilot
Published on:
December 22, 2014
Issue:
Committee:
SIFMA submitted comments to the Securities and Exchange Commission (SEC) on the proposed national market system (NMS) plan to implement a tick size pilot (the Proposed Plan) filed with the SEC by the U.S. equity securities exchanges and the Financial Industry Regulatory Authority (FINRA, and collectively with the exchanges, the Participants or the SROs).
SIFMA has supported a pilot exploring how a wider tick size might benefit small cap issuers (a Pilot). At the same time, however, we have expressed concerns regarding a Pilot that would prohibit trading between the wider quoting increments.
Related Material
SIFMA Submits Comments to the SEC Requesting a Review of the Self-Regulatory Structure of Securities Markets – (July 21, 2013)