nickel increments

[zdreg]

it is my understanding from an unusually reliable source that the SEC is discussing going back to nickel increments.
who is pushing this agenda?

 

[Don Bright]

I voted no, but hope for yes. It's just that it's hard to put the proverbial toothpaste back in the tube. We'll see...


Don

 

[zdreg]

could you and others please explain your preference for nickel increments or penny increments.

 

[Illum]

That would hurt a small guy like me. I suppose scalpers would be in heaven leechin off me and others.

 

[Surdo]

I miss 1/8ths.
"Teenies" were not the end of the world!

Yes, I am getting old!

el surdo

 

[zdreg]

Quote from Don Bright:

I voted no, but hope for yes. It's just that it's hard to put the proverbial toothpaste back in the tube. We'll see...


Don [/QUOTe

one reason you probably feel that way is because with nickel increments your traders are more likely to give liquidity then take liquidity.
likely your firm collects the ecn fees for itself.