United States:
SEC Grants Exemptive Relief Permitting Exchanges To Phase-In Rollout Of Tick Size Pilot
20 September 2016
Cadwalader, Wickersham & Taft LLP
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The SEC granted FINRA and numerous exchanges (together, the
"Participants") exemptive relief to permit the
Participants to phase-in the implementation of the Tick Size Pilot.
Implementation would start on October 3, 2016, to be completed by
October 31, 2016. The phased-in implementation is intended to
minimize any potential disruption to the operation of the Tick Size
Pilot and the trading of the securities subject thereto, due to any
"unforeseen technological systems issues."
The content of this article is intended to provide a general
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