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Tick-size pilot program could help small caps

from Pensions & Investments

The SEC's proposed tick-size pilot program targeting small-cap stocks should lead to improved access to capital for small companies, sources say, but whether that translates to higher returns for institutional small-cap investors is less clear. The proposed one-year program, announced by the Securities and Exchange Commission and created by the Financial Industry Regulatory Authority and national securities exchanges like the New York Stock Exchange, awaits a decision by the full commission before implementing. more

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