Hi, I have some shares of a Nasdaq stock which is currently trading in the 1-2 cent range. TWS won't let me place sub penny orders even though the stock trades on $.0001 increments on the Nasdaq. I get the error message that "price does not conform to the price variation of .01 for this contract". Is this a bug that needs to be fixed or is there a setting I can change somewhere to allow me place sub penny trades? - mnx
bump... why can't I sell a 1 cent stock at a cent and a half? every ecn other than arca allows sub penny trading, why won't IB let me enter these orders?