On May 6, 2015, the US Securities and Exchange Commission approved a proposal by the national securities exchanges and the US Financial Industry Regulatory Authority regarding a two-year pilot program widening the minimum quoting and trading increments, known as “tick sizes” for stocks of some small firms. The pilot program aims to assess whether wider tick sizes would improve the quality of small company stocks for issuers and investors.

The SEC press release is available at: http://www.sec.gov/news/pressrelease/2015-82.html.