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Friday, January 09, 2015 12:30:36 PM
Of course I know how the quotation and trading mechanism works. Even on that, you are actually mistaken, trades can occur 6 decimal places out, however, quotes are limited to 4. That has always been the case but the trade reporting changed late last year when Finra changed their trade data feed, thus, you can now see the 5th and 6th decimal place trades.
The effective market remain remain at 4 decimal places though due to quotation requirements.
This post is just my opinion. I am a 100% non-compensated poster posting solely for my own interests and/or entertainment.
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