Equity traders ticked off by SEC price increment plan

BlackRock and Citadel Securities push back on minimum price increments for OTC equities trades

BlackRock
BlackRock wants SEC to either drop the proposal, or allow exemptions for trades above $200,000 in market value

Some of the largest equity market participants are warning against a plan by the Securities and Exchange Commission to extend minimum pricing increments into over-the-counter equities trading.

The regime – also known as minimum tick sizes – was originally introduced for quotes displayed on stock exchanges and alternative trading systems. But in December last year, the SEC announced plans to apply the rules to all trading as well, which would also capture OTC execution.

Gregg Berman, managing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here