The Security Traders Association, (“STA”) offers comments on the Tick Size Pilot Program (“Pilot”, or “Plan”). STA’s comments on issues related to market structure come from our roles as practitioners in the markets. STA’s diverse membership, as measured by geography and business models, and long history of interacting with the Securities and Exchange Commission (“Commission”), offers a unique perspective on market structure issues. STA comments will focus on the joint assessment submitted by the Plan Participants and the Pilot’s scheduled termination date of October 2, 2018.

Full letter here