Need help trading between the spread on 5 cent tick pilot stocks - IB TWS

Discussion in 'Interactive Brokers' started by arbtrader, Sep 22, 2017.

  1. What was it about my rigged you didnt get?
     
    #11     Sep 27, 2017
  2. Yes.
     
    #12     Sep 27, 2017
  3. hughb

    hughb

    There are still several stocks in the TSPP that have bids/offers outside the .05 increments. According the the SEC info on this program, nobody, including the specialist firms, can bid/offer in anything other than .05. So who is it that is making these bids/offers? Somebody has figured out how to do it in a way that doesn't expose them to the risk of getting a worse price if there is a move in the bid or offer. My broker's software gives me a warning popup and refuses to let me set my limit outside the .05 no matter what i do.
     
    #13     Dec 11, 2017