FastSaying

The move to penny increments, ... greatly reduced spreads in those securities trading in pennies and narrower spreads have been cited as one of the factors that led to a decrease in the use of payment for order flow in securities traded as pennies. Payment for order flow could similarly be reduced in options if spreads are narrowed.

Elizabeth King

CitedGreatlyMoveNarrowerPenniesPennyReducedSecuritiesSpreadsTrading

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