Thursday , 23 January 2025
Home Forex ICYMI – US regulators to allow shares to trade in increments of half a penny
Forex

ICYMI – US regulators to allow shares to trade in increments of half a penny

The focus of the Wednesday session was, of course, on the Federal Open Market Committee (FOMC).

But, ICYMI, a development for stock exchanges of note.

The share market top regulator, the U.S. Securities and Exchange Commission (SEC),has voted to allow stock exchanges to price many shares in increments of half a cent, rather than the current minimum size of 1 cent.

  • The move is aimed at promoting more competitive pricing and reducing investor costs.
  • SEC Chair Gary Gensler said the new rules would promote transparency, fairness and efficiency
  • “That goes to the heart of the SEC’s mission. The reforms are pro-investors. They are pro-capital formation”

Info comes via various media reports.

SEC Chairman Gensler with the other 0.5 cut today!

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

JP Morgan’s number one risk for stocks this year (TL;DR, its valuations)

Comments are via J.P. Morgan Asset Management. While the managers remain bullish,...

New Zealand to ease foreign investment rules in bid to boost economy

New Zealand will loosen foreign investment regulations to attract international capital, Prime...

PBOC is expected to set the USD/CNY reference rate at 7.2826 – Reuters estimate

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The...

EUR/USD halts recovery during midweek slowdown

EUR/USD stumbled on Wednesday, giving up around one-tenth of one percent as...