Round 2 Penny Pilot Reports: Exchanges' Interpretations Differ

Hintze, John
December 2007
Securities Industry News;12/17/2007, Vol. 19 Issue 42, p1
Trade Publication
The article focuses on the second round of reports on the pilot test of penny price increments by U.S. options markets. The reports revealed continuing disagreement on the possible long-term effects of penny quoting on investors, most especially institutions looking to execute large orders. The reports were submitted to the U.S. Securities and Exchange Commission.


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