SEC to Study Tick Size for Small Caps
Traders Magazine, May 2012
And a pilot study is something the Street will likely support. Joe Ricciardi, head of cash trading at Knight Capital, favors a pilot program.
"It's definitely worth studying changing the tick size," Ricciardi said. "Due to the intricacies of market structure, everything in this industry should be done on a pilot program. I'm not against this type of study, whether it's to go to either wider or narrower spreads. You need to run a pilot program."
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