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SEC modifies expiration date for tick size pilot program

  • SEC (US Securities and Exchange Commission) Image

Sep 10, 2018

The SEC has issued a statement announcing a change in the expiration date of its tick size pilot program, which began on October 3, 2016, and is “a two-year pilot program that would widen the minimum quoting and trading increments — or tick sizes — for stocks of certain smaller companies.”

Specifically, the program was previously scheduled to expire on October 2, 2018, but will now end on September 28, 2018. The purpose of the change in expiration date is to “address potential operational and other concerns raised by a mid-week shift in the quoting and trading increments of a large number of NMS stocks.”

For more information, see the statement on the SEC’s Web site.

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