Wednesday, June 03, 2020 10:03:32 PM
I am with Interactive Brokers. When I place a limit order I can place it at 0.0012 or 0.0013 but not 0.00128.
Market makers in OTC stocks do not have this limitation.
Also I wonder about the small share amounts traded sometimes. What is the reason for trades that total less than one cent? Are tiny trade amounts some sort of code at times for the market makers or trading groups? Is that how the timing for trading groups gets synchronized?
Thanks.
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