Minimum increment that will be posted on the NBBO?

Discussion in 'Options' started by surfer25, Aug 22, 2013.

  1. surfer25

    surfer25

    Hi,
    Does anyone know what the minimum increment that will be posted on the NBBO? It seems to be pennies until 3.00 and then five cent increments.

    The problem is that if you send an order in to sell at $8.49 it doesn't show on the Level 2 and sometimes 8.50 gets hit a number of times and then the price moves lower and the 8.49 is never hit. And the 8.50s that get hit are not part of complex orders.
     
  2. Depends on whether or not the symbol is in the "penny pilot" program.
     
  3. surfer25

    surfer25

    Suppose it is.