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.

Joe Ricciardi, Knight Capital
"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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