Four Decimal places???

Discussion in 'Trading' started by ktm, Aug 20, 2001.

  1. ktm


    I had read a few weeks ago that certain ECNs were "allowing trades beyond two decimal places". Today, QCharts goofed yet again and completely blew their NASDAQ quotes. Late today, they blamed the problem on the "new 4 digit NASDAQ pricing". Can anyone shed any light on the need for 4 decimal places? I assume we retailers may not be affected by this change??