stocks under 1$ with IB TWS

Discussion in 'Retail Brokers' started by mnx, Aug 15, 2007.

  1. mnx

    mnx

    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
     
  2. mnx

    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?