{"id":64088,"date":"2018-06-10T00:04:33","date_gmt":"2018-06-10T04:04:33","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=64088"},"modified":"2018-06-12T01:17:50","modified_gmt":"2018-06-12T05:17:50","slug":"nyse-comes-out-swinging-in-sec-pricing-test-pitting-itself-against-major-pensions-and-fund-managers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2018\/nyse-comes-out-swinging-in-sec-pricing-test-pitting-itself-against-major-pensions-and-fund-managers.html","title":{"rendered":"NYSE Comes Out Swinging In SEC Pricing Test, Pitting Itself Against Major Pensions And Fund Managers"},"content":{"rendered":"<p>(CNBC) At issue is the SEC&#8217;s plan to run a pilot test of how the stock market is affected by the transaction fees and rebates that exchanges use to attract trade orders from brokers.<br \/>\nNYSE argues that the SEC&#8217;s test itself will be too disruptive and potentially cost investors more than $1 billion.<br \/>\nMajor pensions such as the California Public Employees&#8217; Retirement System and Ontario Teachers&#8217; Pension Plan have come out in support of the SEC&#8217;s pilot test, as have giant asset managers such as Vanguard and BlackRock. The NYSE sent a notice, which was reviewed by CNBC, to companies urging them to send a comment letter to the SEC about the test.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2018\/06\/07\/nyse-comes-out-swinging-in-sec-pricing-test-pitting-itself-against-major-pensions-and-fund-managers.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) At issue is the SEC&#8217;s plan to run a pilot test of how the stock market is affected by the transaction fees and rebates that exchanges use to attract trade orders from brokers. NYSE argues that the SEC&#8217;s test [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64088","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=64088"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64088\/revisions"}],"predecessor-version":[{"id":64089,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64088\/revisions\/64089"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=64088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=64088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=64088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}