Exchanges’ Fees and Rebates Could Get a Cut

Average Sentiment: Highly Positive (2.91)
Thursday 15:28 GMT
Category: Economy

A system of fees and rebates that promotes trading in stocks would be reduced under a pilot program proposed by regulators on Wednesday.

The SEC’s pilot program would require all exchanges to test how lower fees and rebates affect trading in three different groups of stocks. “While there may not be consensus of some of the elements of the pilot, this is one of the few areas where there is significant consensus among market participants that something needs to be done,” said Brett Redfearn, the SEC’s director of trading and markets.

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