U.S. SEC approves tick size pilot; plans to include 'trade-at' rule

May 6, 2015 9:43 PM

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WASHINGTON May 6 (Reuters) - U.S. regulators approved a new study on Wednesday that calls for widening the increments, or "ticks," at which smaller companies' stocks are priced to see if this helps improve market liquidity.

The Securities and Exchange Commission said that the "tick size pilot" will commence on May 6, 2016, and will include batches of control and test groups of the stocks of companies with $3 billion or less in market capitalization.

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