Is the Maker-Taker Pilot DOA?
Following is the link to FlexTrade’s latest FlexAdvantage blog post by Ivy Schmerken titled, "Is Maker-Taker Pilot DOA?"
From the article:
After more than a decade of debate, regulators are poised to act on a pilot for maker-or-taker pricing, a practice whereby market makers are paid a rebate to add liquidity and are charged a fee to remove liquidity by electronic trading venues.
The SEC’s Equity Market Structure Advisory Committee (EMSAC) has recommended to move forward with a pilot on reducing access fees to gain an understanding into how rebates and access fees influence order routing decisions.
The SEC could open the maker-taker pilot for public comment in 2017.
But, now analysts are suggesting that a maker-taker pilot is in limbo, or at the very least, could be postponed under the incoming Trump administration.