SEC approves new rules for stocks and ETFs to trade in half-penny increments, enhancing efficiency, competition, and fairness.

The SEC has approved new rules allowing stocks and ETFs to be quoted in half-penny increments, impacting about 2,400 securities. This unanimous decision aims to enhance market efficiency, competition, and fairness. Additionally, it lowers access fee caps for brokers and mandates transparency in trading fees at execution. While some provisions will take effect in 2025, these changes are seen as significant reforms to improve the U.S. equity market structure.

September 18, 2024
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