Trying to figure out what the SEC is trying to accomplish with a tick-size experiment.

[jon_leonard]

I'm trying to figure out the motivation behind the SEC's experiment:

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542172819#.U72O6XVdXmG

(Via a reference in Kid Dynamite's blog postIn short, they're picking a few

Comments

[steuard]

It seems like it's got to be an anti-HFT thing. But I completely agree: moving to "auctions resolved once per second" as a model would seem to be a much more effective tool. (At a minimum, it would eliminate the value of spending loads of cash for co-located data centers.)