Thursday, September 20, 2012

Tighter spreads, but less liquidity

FINRA really seems to like this stuff.
While many-including the SEC-applaud the leg-up the rule changes give to limit order traders, others fret that displayed liquidity will shrink. Coulson, for instance, predicts over half of the 10,000 securities quoted on his platform will see a reduction in posted size.
Thanks to TM for the writeup.