Can someone please tell me if there is a minimum amount of shares per ticket you need to send. Example if I want to test a system, and rather then back testing, can I go live and just send 1 share trades all day long? Obviously if the strategy works I will increase shares over time. Are the NYSE and NASDAQ fine with it if you send many 1 share lot orders? Thanks in advance for any replys.
Daytrading odd lots is ok if you route to Nasdaq or BATS, not allowed at NYSE. And at Genesis, apparently, it is never OK .... I did 40, 50, 60 share trades for about month (routed correctly) and then my account was frozen. I had to call them. I guess having a blanket rule is the easiest way they can avoid complaints from the exchanges.