I have two questions. First, will stocks selling below $2 be displayed with 4 places after the decimal tomorrow? Second, I believe relative orders with 0 aux. price are incrementing in .0001 increments. As a result, the adjusted orders are being rejected by the exchanges because of the sub penny rule. If I am correct, will this be corrected tomorrow? Thank you, MSS
First: I don't know, but it is more likely that initially we will just undo what we did for today. Second: you are not correct.
just tested something. ISLD price is being sent with 4 dec , but if you MODIFY it by .0001 I dont see the modified price displaying on the ISLD internal book. The old price remains. A cancel is reflected promptly Used LOUD as the test. looks like very small changes are filtered.
What are you guys *talking* about? Island has distributed 4 decimal places in its data feeds for a long long time. There has been no change in the feed in YEARS. They now accept and display quotes to 4 decimal places in under 1 dollar stocks, but the data feed has not changed. They've always had the trailing zeroes. http://www.inetats.com/support/devspecs/itch/itch0200.asp
4 decimal places were started Dec 13 as I thanked them on the IB board after requesting it on October 17. The problem was trading the low priced pennies as before we only had 3 decimal places and that sometimes forced you into 100% spreads - but since mid December we have had 4 decimals. Obviously it is not important on stocks that do not trade in such increments.
No extra zeros today. Thanks IB. Thought I was gonna go BLIND... You guys are great! Good luck to all. C