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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.

http://www.finra.org/industry/tick-size-pilot-program

The list of security in the pilot program as of 10/06/16:
ftp://ftp.nyxdata.com/Tick_Pilot/TSPilotSecurities20161004.txt
 

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rated:
Great, so the market makers and brokers get to take advantage of a built-in spread.

rated:
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.

http://www.wsj.com/articles/fifteen-years-after-decimalization-t...

rated:
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.

http://www.wsj.com/articles/fifteen-years-after-decimalization-t...

  This.  I imagine most of the affected issuers (very small companies) welcome this experiment.

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