Exchanges to Get Tick-Size Pilot Within Weeks, SEC Official Says
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The U.S. Securities and Exchange Commission plans to tell stock exchanges in the next few weeks to implement a program that will test ways of boosting trading in smaller stocks, an agency official said today.
The trading experiment could be used to test other market-structure changes, SEC Trading and Markets Director Stephen Luparello said at a Securities Industry and Financial Markets Association conference in New York. The agency will issue an order to stock exchanges that outlines how the program should work, he said.