SEC Open Meeting on Volume-Based Exchange Transaction Pricing for NMS Stocks

The SEC has scheduled an open meeting for Wednesday October 18 at 10 am ET on Volume-Based Exchange Transaction Pricing for NMS Stocks. According to the agenda published by the SEC, the SEC “will consider whether to propose a new rule to prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency-related orders in NMS stocks; and to require national securities exchanges to have certain anti-evasion rules and written policies and procedures and disclose certain information if they offer volume-based transaction pricing for member proprietary volume in those stocks.”