SEC: Standard Best Execution Data Needed
NEW YORK—The lack of standardized execution quality data in the equity options markets is adding fuel to the U.S. Securities and Exchange's (SEC's) drive toward penny pricing in the U.S. options market, according to a recent SEC report.
Although order-routing firms have improved their processes to obtain best execution over the past six years, some are still using other competitive factors to determine which market centers should receive customer orders since many market centers often display the
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