US SEC Votes to Allow Half-Penny Stock Pricing. By Reuters | Sept. 18, 2024. By Reuters | Sept ... Prior to the vote, SEC officials told reporters that 2023 data showed that as many as 1,700 ...

(Reuters) -Wall Street's top regulator on Wednesday unanimously voted to allow stock exchanges to price many shares in increments of half a penny, rather than the current minimum size of 1 cent, ...

The U.S. Securities and Exchange Commission has approved rules that will allow thousands of stocks and ETFs traded on exchanges to be quoted in half-penny increments. The agency’s move Wednesday ...

The tick size represents the minimum price increment at which a stock can be bought or sold. In the current system, the tick size is one penny, meaning that a stock priced at $10.00 can only be ...

Exchanges can charge higher fees, as much as 0.1% of the quotation price per share, for stocks under $1. Those changes are largely in line with what the SEC first proposed in December 2022.

A current regulation, known as the sub-penny rule, imposes a minimum increment of one cent on thousands of equity securities priced over $1 per share, MEMX noted in its proposal.

The SEC’s decision not to include pricing increments smaller than half a cent represents a likely win for industry, which had favoured the half-penny increment and objected to sizes included in ...

US SEC votes to allow half-penny stock pricing Open in App. FLASH SALE. Sign In; Free ... Prior to the vote, SEC officials told reporters that 2023 data showed that as many as 1,700 stocks would ...

WALL Street’s top regulator on Wednesday (Sep 18) unanimously voted to allow stock exchanges to price many stocks in increments of half a penny, rather than the current minimum size of one cent, ...