At the end of next week, the Securities and Exchange Commission and the six US options exchanges will begin a six-month pilot phase of quoting 13 active stocks and exchange-traded funds in penny price increments rather than nickels.
The move is expected to lead to a deluge of additional market data. As a result, each participating exchange has been required to develop strategies to mitigate the expected increase in options quote traffic.
The SEC is allowing each exchange to pursue its own stra
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails