Nasdaq questions

Discussion in 'Order Execution' started by Vinny1, Jun 25, 2002.

  1. Few questions:

    1)Is it possible to get filled on a Nasdaq short sale at a price that is 3 decimal places,like 35.086? If so,would that order have been displayed on Level 2 as 35.08,with 35.08 being an up bid?And if 35.08 was a down bid,what would have happened to my order to short at 35.086?

    2)If i put an offer out an ECN with 3 decimal places,say 45.012;would that order be displayed on Level 2 as 45.02,and if not,how?

    3)If i put a bid out an ECN with 3 decimal places,say 45.012;would that order be displayed on Level 2 as 45.01,and if not,how?