SEC (Securities and Exchange Commission) Tests Penny Pilot Program
Some recent news on Scottrade is the announcement of penny pilot options program. Thirteen option classes will be participating in an options Penny Pilot Program to determine if it is feasible to trade options in penny increments. During this pilot program, these options will trade in the new minimum pricing increments for a period of six months. At the end of the pilot, the SEC (Securities and Exchange Commission) will analyze the success of the program and make a determination as to its future. See the rest of this article for the 13 option classes that will be participating in the Penny Pilot.