Volume-Based Transaction Pricing Proposal Raises Questions

By Charlie Sommers, Andrew Blake and Michael Ogershok (December 19, 2023, 5:27 PM EST) -- On Oct.18, in a 3-2 vote along party lines, the U.S. Securities and Exchange Commission proposed new Rule 6b-1 under the Securities Exchange Act. This rule would prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency or riskless principal orders in national market system, or NMS, stocks.[1]...

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