Block Trade Exemption The SEC will exempt block trades, or orders exceeding a certain number of shares, from the new rule, according to one of the people. Firms specializing in blocks account for 8 percent of all dark-pool trading in the U.S., according to data compiled by Aite. Transactions are biggest at Liquidnet Holdings Inc. and Pipeline Trading Systems LLC, where orders average 50,000 shares. That compares with 300 to 450 shares at venues such as Getcoâs GES. .................................................... Bullshit ................................................. All trades....one defragmented exchange..... S ecure E mployees C ompensation
Do away with the whole mess. Let open markets be open. Let the market decide what's fair and what's not! *****FULL DISCLOSURE*****
Many one-fee, unlimited share, commission plans may not be able to survive that change, should it occur.