SIFMA Supports Extending NYSE Penny Trading Program

SIFMA has commented on the proposed rule filed with the SEC by NYSE Arca regarding the extension of the Penny Trading Program ("Pilot") to December 31, 2013. SIFMA commented in support of the proposed change, stating that it would prevent possible investor confusion if the Pilot were to expire before the permanent program was approved. Additionally, SIFMA recommends consistent filings by Arca and other options exchanges to make the Pilot permanent.

See: SIFMA Comment Letter.