The price increments at which thousands of stocks and ETFs are quoted look set for an overhaul Wednesday, when the US Securities and Exchange Commission votes on final rules to reduce them to less than 1 cent.
US regulators will take the first step Wednesday toward the most widespread revamp in more than a decade of the way stocks are traded, a move that the agency says will spur better prices for investors and direct more business to traditional exchanges.
The US Securities and Exchange Commission will stop short of banning payment for order flow, a controversial way to process retail stock trades, as it proposes new rules for the $48 trillion American equities market.
