Day Tradexchange Inc. (SYNJ)

[knack]

I wonder how this will effect the 5th decimal trading going on with SYNJ?
http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p122114.pdf

The rules addressing minimum pricing increments for OTC Equity Securities (Rule 6434), prohibiting locked and crossed quotations in OTC Equity Securities (Rule 6437) and
restricting access fees imposed against a firm’s published quotation in OTC Equity
Securities (Rule 6450) will become effective on February 11, 2011. The rule requiring
the display of customer limit orders in OTC Equity Securities (Rule 6460) will become
effective on May 9, 2011.
Restrictions on Sub-penny Quoting
FINRA Rule 6434 provides that, for OTC Equity Securities priced equal to or greater
than $1.00 per share, no firm shall display, rank or accept a bid or offer, an order or an
indication of interest in any OTC Equity Security that is priced in an increment smaller
than $0.01. For OTC Equity Securities priced less than $1.00 per share, Rule 6434
prohibits firms from displaying, ranking or accepting a bid or offer, an order or an
indication of interest priced in an increment smaller than $0.0001. However, in
recognition of the smaller price points of OTC Equity Securities, where an order or
indication of interest itself is priced less than $0.0001, a firm may rank or accept
(but not display) such order or indication of interest in an increment of $0.000001 or greater.
Locked and Crossed Markets
FINRA Rule 6437 requires firms to implement policies and procedures to reasonably
avoid displaying, or engaging in a pattern or practice of displaying, locking or crossing
quotations in any OTC Equity Security.
The rule defines a “crossing quotation” as “the display of a bid for an OTC Equity
Security at a price that is higher than the displayed price of an offer for such OTC Equity
Security in the same inter-dealer quotation system, or the display of an offer for an OTC
Equity Security at a price that is lower than the displayed price of a bid for such OTC
Equity Security in the same inter-dealer quotation system.”4