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Re: Higher Price Resolution on U.S. Equities?


 

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It is possible for market makers etc to quote improved prices in fractions of a cent on some venues but they're not shown in the NBBO AFAIK. For retail traders luck us, as Nick said, I don't think there is any way to access those quotes reliably.

On 07/06/16 18:24, Nick news1000@... [TWSAPI] wrote:
Tick size means the smallest amount the price can change, as defined by the exchange. There is no point in a higher resolution as the extra digits will always be zero.

I don't trade stocks but I believe sub-penny pricing is not available to retail traders. You should verify the tick size of all instruments you trade.

On 6/7/2016 1:14 PM, keithjmiklas@... [TWSAPI] wrote:
?

Thanks, Stew.


So, are these tick sizes set in stone, or is there some way--in TWS, the API, or otherwise--to lower the tick size?


-- 
Stewart Douglas
sdouglas@...

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