Penny pricing

MIAMI, May 5: The Securities and Exchange Commission is looking at several proposals on how to implement penny trading in the US options market — a move that would help investors get the best prices, an SEC official said on Friday.

“It is not a question of whether options will be quoted in pennies, but how pennies will be introduced into the marketplace,” said Elizabeth King, associate director of the US Securities and Exchange Commission’s Division of Market Regulation.—Reuters

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