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Which major U.S. stock exchange will first implement the new half-penny stock pricing rule?
3
Resolution / Starting Odds
NYSE • 25%
NASDAQ • 25%
CBOE • 25%
Other • 25%
Official announcements from the stock exchanges (e.g., NYSE, NASDAQ, CBOE)
Story
SEC Unanimously Votes Wednesday to Allow Half-Penny Stock Pricing to Reduce Costs
Sep 18, 2024, 02:25 PM
The U.S. Securities and Exchange Commission (SEC) has unanimously voted on Wednesday to allow stock markets to price shares in increments of half a penny, rather than the current minimum size of 1 cent. This move is part of a broader effort to promote more competitive pricing and reduce transaction costs for investors. The new rules, which also aim to lower fees that exchanges can charge brokers, could constitute the biggest overhaul of U.S. equity markets in nearly 20 years. SEC Chair Gary Gensler stated that the stock-pricing revamp addresses outdated rules and is intended to make trading more efficient. The changes will apply to thousands of stocks and ETFs traded on exchanges.
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Similar markets
NYSE • 25%
NASDAQ • 25%
CBOE • 25%
Other • 25%
NYSE • 25%
NASDAQ • 25%
CBOE • 25%
Other • 25%
NYSE • 25%
NASDAQ • 25%
Cboe • 25%
Other • 25%
NYSE • 25%
NASDAQ • 25%
Cboe • 25%
Other • 25%
NYSE implements the rules first • 25%
NASDAQ implements the rules first • 25%
Both implement simultaneously • 25%
Neither implements by the deadline • 25%
NYSE • 25%
NASDAQ • 25%
CBOE • 25%
IEX • 25%
NYSE • 25%
NASDAQ • 25%
CBOE • 25%
Other • 25%
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No • 50%
Q4 2024 • 25%
Q1 2025 • 25%
Q2 2025 • 25%
After Q2 2025 • 25%
Yes • 50%
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