Market Lens: Landing the Tick Size Pilot

September 14, 2018

We’re excited to share our perspective on current market structure and regulatory topics through our new Citadel Securities Market Lens series. Our first Market Lens report covers the SEC’s Tick-Size Pilot Program. Specifically, we summarize the impact of increasing the minimum tick size from one to five cents on:

  • Quoted spreads
  • Price improvements
  • Trading volume

Check out the full report.