STA Thoughts on the Tick Pilot
It is a fundamental belief of the Security Traders Association that market structure changes should be based on empirical data, according to STA president and CEO Jim Toes, who says the current one-size-fits-all equity market structure does not meet the liquidity needs of many small-cap public companies. As such, he adds, the STA supports the SEC’s efforts to study the impact of tick size on small-cap liquidity. Toes and TABB Group founder and CEO Larry Tabb discuss the goals of the JOBS Act, the recent increase in IPOs, and the role of the secondary market in capital formation, and dissect the pros and cons of the tick pilot as it currently is structured.
View the video here.