I searched and did not see any discussion here. I was notified that effective 10/06/16 one security in my portfolio can only be traded in $0.05 increment, and I have to change the limit orders I have. It is kind of ridiculous to have $2 stock traded with 5 cent increment, but apparently it is some kind of pilot study. Maybe this will affect some of you so I share it here.
stanolshefski said: Great, so the market makers and brokers get to take advantage of a built-in spread. That's exactly what they're testing: whether having a slightly wider tick size creates enough profitability for market makers to make it worthwhile for them to actually make markets in thinly-traded small-caps.
cestmoi123 said: stanolshefski said: Great, so the market makers and brokers get to take advantage of a built-in spread. That's exactly what they're testing: whether having a slightly wider tick size creates enough profitability for market makers to make it worthwhile for them to actually make markets in thinly-traded small-caps.
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