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Re: mercury101267 post# 121276

Saturday, 04/18/2015 12:49:58 PM

Saturday, April 18, 2015 12:49:58 PM

Post# of 135140
There's a new trade reporting facility that opened last year on November 17th - FINRA set it up for OTC stocks after eliminating the OTCBB. This new facility shows all six digits.

However, placing orders is still limited to the minimum of $.0001 by FINRA for this market. The trades you're referring to at 5 to 6 digits on OTC securities are after arbitrage that results in prices below the $.0001 minimum (they take out commission and fees after purchase at market price from Block Position trade transactions), or sometimes market order transactions.

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