InvestorsHub Logo
Post# of 47295
Next 10
Followers 287
Posts 21275
Boards Moderated 4
Alias Born 09/16/2009

Re: BlindSquirrelFindsNuts post# 44369

Tuesday, 12/09/2014 3:52:50 PM

Tuesday, December 09, 2014 3:52:50 PM

Post# of 47295
Trade reporting has always been out to 6 digits past the decimal but it wasnt publicly distributed and was kept to non public non tape transaction reports to FINRA. On November 17th FINRA opened a new trade reporting facility for OTC Markets specifically as the OTCBB was finally closed down. This new trade reporting facility now shows out to the 6 digit trade transactions that are reported.

This has no effect on Bid and Quotation however as that is still limited to .0001. The trades that you see at 5 to 6 digits are after arbitrage or sometimes market order transactions.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.