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STA provides a post mortem on the Tick Size Pilot.

STA provides a post mortem on the Tick Size Pilot.

Institutional money dominates ICOs.

Regulatory initiative eyes exchange operations.

Smart contracts can keep security tokens out of the hands of non-accredited investors.

The new market comes with a new market structure.

The new platform initially will eye institutional forwards trading.

High net-worth and family offices trade more than hedge funds.

The investment manager has reduced execution costs by 64%.

State oversight remains a cacophony of regulations.

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