SEC Steers Pilot on Equity Trading Fees and Rebates Amid Headwinds

SEC Steers Pilot on Equity Trading Fees and Rebates Amid Headwinds

Diving into one of the more controversial issues in equity market structure, U.S. regulators are moving forward with the transaction-fee pilot that will force stock exchanges to lower the fee caps on rebates they pay to brokers and market makers.



Diving into one of the more controversial issues in equity market structure, U.S. regulators are moving forward with the transaction-fee pilot that will force stock exchanges to lower the fee caps on rebates they pay to brokers and market makers.

“I think the SEC is about to embark upon a productive time for assessing market structure reforms,” said Brett Redfearn, Director of Trading & Markets in remarks at the Securities Industry Financial Markets Association (SIFMA) Equity Market Structure Conference, which was held on April 18.

At the same time, the SEC has decided to sunset the tick-size pilot, which its due to expire on Oct. 2nd. An assessment by exchanges is due on July 3rd.

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