Could Someone Please Give me advice - no one seems to know or they ain't sayin

Discussion in 'Order Execution' started by birdman, Aug 15, 2005.

  1. birdman


    I sold my position in SEBL today with a market order and the price was 8.191

    There was much talk about how sub-penny pricing of both NYSE and NASDAQ shares priced greater than a dollar was to end in July 05.

    A quick look at JDSU or LU or SUNW or a host of other stocks daily chart will reveal that sub penny trading has not ended.

    Does anyone know the score on sub penny trading?

    Will it end? Who allows it? Which retail brokers allow it? Must a trader trade thru BRUT or some such to accomplish it.

    What's the skinny

  2. BRUT
  3. you probably got price improvement from your marketmaker, or you sold your shares at different prices.