KCG Gives Early Read on Tick Pilot

Traders Magazine

And the preliminary verdict is in – the nascent Tick Pilot program has indeed affected the equity market structure – but in only a few ways.

In an open call conference call to the membership of the Security Traders Association last week, Phil Mackintosh, Head of Trading Strategy and Analysis at KCG Holdings, said that the SEC’s Tick Pilot program, which has been in full effect for all three test groups only a few weeks has produced some interesting results in its infancy.

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