August 26, 2014
The SEC has already studied the effectiveness of widened BID to ASK spreads on the market and found no advantages to fixed values versus the current penny-wide spreads.
Now, due to the amount of money that the exchange owners are giving to Congress this monster has reared its ugly head again and now it has become viable????
The only benefactor of wider BID-ASK spreads are the equity exchanges where "they" can make even more money off the consumer.
Please stop this mad experiment to make more money for the exchanges.