Dec. 28, 2022
December 28, 2022 The most important part of this is the tick size changes. Today, internalizers have a regulatory advantage over exchanges - they can execute orders at any pricing increment - thats why we see so many 1 mil price improvement trades and prices that go out to 4 decimal places. These changes would end that practice and level the playing field. It will mean that retail investors have the opportunity to get the same level of price improvement on-exchange, and change the incentives for retail brokers.