(Reuters) - Quoting options in one-cent increments has given investors better choices on prices and significantly narrowed bid/ask spreads, according to preliminary data, said Elizabeth King, associate director in the market regulation division at the U.S. Securities and Exchange Commission.
Options continue to be quoted in nickels and dimes and prior to the pilot, several exchanges offered programs where customers could obtain price improvements in one-cent increments.
Read more at Reuters.com Government Filings News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment