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Check out the Market Quality Dashboard website at www.mqdashboard.com under "Case Studies" for the CMCRC analysis of the impact of the US tick size pilot and a couple of other market design changes on market quality. We can now do this for any market in the world thanks to the support of Thomson Reuters. What used to take months for an experienced academic now takes a day or so. If you want to see Professor Aitken explaining our approach and the results on the tick pilot go to https://lnkd.in/eNAduzi. We would be pleased to receive your feedback, good, bad or indifferent, especially if you are a securities regulator.
