Mar. 30, 2023
March 30, 2023 Amend the minimum pricing increments, also known as tick sizes, under rule 612 of regulation NMS to establish a variable minimum pricing increment model that would apply to both the quoting and trading of NMS stocks, which are stocks listed on national security exchanges, regardless of trading venue reduce the access fee caps under rule 610 of regulation in Ms. in conjunction with the reduction of the minimum pricing increments and require national security exchanges to make the amounts of all fees and rebates determinable at the time of execution accelerate the implementation of the round lot in odd lot information definitions adopted in 2020 under the market data infrastructure rules MDI rules amend the oddwood information definition adopted under the MDI rules to require the identification of the best odd lot order. An odd lot order is in order for the purchase of sale of an NMS stock in an amount less than a round lot (typically 100 Shares)