US SEC to allow exchanges to quote sub-penny prices in bid to boost competition
Wall Street's top regulator on Wednesday is set to adopt new rules for pricing stocks at less than a penny, part of a larger package of proposed reforms that could constitute the biggest overhaul of U.
SEC Approves Its Overhaul Of Stock Pricing, Exchange Fees
The rules also lower the maximum amount of fees exchanges charge some brokers to access protected quotes on their platforms to $0.001 per share for stocks priced at $1 or more. Exchanges can charge higher fees, as much as 0.1% of the quotation price per share for stocks under $1.
SEC Poised to Vote on Overhaul of Stock Pricing, Exchange Fees
The price increments at which thousands of stocks and ETFs are quoted look set for an overhaul Wednesday, when the US Securities and Exchange Commission votes on final rules to reduce them to less than 1 cent.
US SEC votes to allow half-penny stock pricing
Wall Street's top regulator on Wednesday unanimously voted to allow stock exchanges to price many shares in increments of half a penny, rather than the current minimum size of 1 cent, aiming to promote more competitive pricing and reduce investor costs on the $55 trillion U.
SEC set to permit stock exchanges to quote sub-penny prices
The U.S. Securities and Exchange Commission is poised to approve a rule that will allow exchanges to quote sub-penny prices as it seeks to foster competition, according to a media report. The Regulation NMS: Minimum Pricing is part of a broader set of regulations that proposes to overhaul U.
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