ASA Applauds SEC’s Tick Size and Exchange Access Reforms

WASHINGTON – The American Securities Association (ASA) today applauded the Securities and Exchange Commission’s (SEC) unanimously adopted rule proposals to reduce tick size trading to half-penny increments while modernizing the exchange access fee structure.

“ASA applauds the SEC and its Chairman for working to unanimously adopt long overdue reforms in our equity market that prioritize the interests of American investors over regulated monopolies,” said ASA President and CEO Chris Iacovella. “The tick size and access fee cap reforms will increase competition among market participants while reducing trading costs for America’s retail and institutional investors.” 

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The American Securities Association (ASA) represents the retail and institutional capital markets interests of regional financial services firms who provide Main Street businesses with access to capital and advise hardworking Americans how to create and preserve wealth. ASA’s mission is to promote trust and confidence among investors, facilitate capital formation, and support efficient and competitively balanced capital markets. This mission advances financial independence, stimulates job creation, and increases prosperity. The ASA has a geographically diverse membership of almost one hundred members that spans the Heartland, Southwest, Southeast, Atlantic, and Pacific Northwest regions of the United States.