The SEC extended exemptive relief to Nasdaq BX, Inc. from the minimum penny pricing increment requirements of Rule 612 of Regulation NMS. The relief allows Nasdaq BX to accept and rank certain retail orders (priced greater than $1.00 per share) in listed stocks in sub-penny increments as part of its Retail Liquidity Program. The exemptive relief was previously set to expire on December 1, 2017. Under the most recent extension, it will not expire until June 30, 2018. The extension was granted in connection with the extension of the Retail Liquidity Program.
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