Way back it used to be fractional. 1/4 then 1/8 then came computers and the decimal place. Old tricks might still work with extremely large orders. BTW in FX land it is down to 0.0001 +/: , now that is something. Sounds to me like someone want to capitalize on more trades. It is just a revenue issue. Akuma
The quants always say the lit exchanges are the most expensive place to trade. Maybe this is part of an effort to reduce costs vis-à-vis dark pool economics.
Interesting... already in Canada people are petitioning to remove the nickel from circulation, just like we did with pennies years ago. But the exchanges are going the reverse direction... despite inflation always moves forward. Makes you wonder how our grandparents survived those exchanges (back when a million bucks really meant something.) Just about every brokerage now already incorporates fractional trading, for those who are too underfunded to buy certain stocks... it's almost as though they are trying to push for more ways to lure the unsophisticated retailer in. Maybe I'm jumping to wrong conclusions here... already the US has payment-for-orderflow... which is banned in much of the western world (for obvious reasons). Need more gimmicks I guess...
High-frequency traders and market makers are very powerful as they provide huge liquidity. They wanted the tick size to be as tiny as possible. So the Exchanges will listen to them.
Yep, Yocto and Plank are the current limit on the scientific world.in the financial realm whatever works, will be the normal. Ludacris activity and unrealistic scales and scope will be employed to remain the delusional perception instilled. GAI will be the only capable entity to handle the action Chip technology is only at 2 nano currently. Might makes right, Akuma