SEC approves its overhaul of stock pricing, exchange fees
The US Securities and Exchange Commission has approved rules that will allow thousands of stocks and ETFs traded on exchanges to be quoted in half-penny increments. The agency’s move Wednesday, which came with a unanimous vote from the five commissioners,
"This will lower costs for investors as well as improve liquidity, competition and price efficiency in the markets," SEC ...
Stocks are currently priced in increments of one-cent. But a move by the SEC could lower transaction costs for consumers.
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The SEC’s five commissioners voted unanimously to reduce the so-called “tick size”, or spread, between buy and sell prices to a half-cent from a full penny for stocks that met certain liquidity ...
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