Wall Street

SEC targets 'tick size' pilot for small-cap stocks

Securities and Exchange Commission Chairman Mary Jo White.
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The U.S. Securities and Exchange Commission will press ahead with a test program that would allow the stocks of small-cap companies to trade in wider increments, SEC Chair Mary Jo White announced Friday.

The so-called tick size pilot program "would widen the quoting and trading increments and test, among other things, whether a change like this improves liquidity and market quality,'' White said in a speech at the Practising Law Institute's annual SEC Speaks conference.

—By Reuters