Regulatory Alerts2024-10-08 | 2024-21867Added
Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders
The Securities and Exchange Commission adopted final amendments to Regulation NMS to reduce transaction costs by relaxing minimum pricing increments for NMS stocks and lowering access fee caps for trading centers. The rules require exchanges to make all fees and rebates determinable at the time of execution to enhance transparency and mitigate conflicts of interest. Additionally, the amendments accelerate the implementation of round lot and odd-lot definitions and add data elements for best odd-lot orders to improve investor visibility into better-priced orders.
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