Followers | 34 |
Posts | 1169 |
Boards Moderated | 0 |
Alias Born | 08/16/2010 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, April 02, 2011 6:51:22 PM
Just read the FINRA Rule 6434 below not opinions and claims made.
Notice especially Rule 6434 states the 5th increment will not be displayed which is exactly what my point has been for months. the tape only records 4 increments so all .00011 thru .00019 BUYS continue to be printed as SALES because program only records and prints to 4th Icrement of .0001 and therefore as a SALE at bid even when execution was a BUY at .00011 through .00019.
FINRA Rule 6434. Minimum Pricing Increment for OTC Equity Securities
(a) No member shall display, rank, or accept a bid or offer, an order, or an indication of interest in any OTC Equity Security priced in an increment smaller than $0.01 if that bid or offer, order or indication of interest is priced equal to or greater than $1.00 per share.
(b) No member shall display, rank, or accept a bid or offer, an order, or an indication of interest in any OTC Equity Security priced in an increment smaller than $0.0001 if that bid or offer, order or indication of interest is priced less than $1.00 per share except, where an order or indication of interest is priced less than $0.0001, a member may rank or accept (but not display) such order or indication of interest in an increment of $0.000001 or greater.
Adopted by SR-FINRA-2009-054 eff. Feb. 11, 2011.
Traders thrive with 5th digit trading. Trading in 5th increments allows BUYS while printed tapes displyed show SALES!
5th increment BUYS with heavy volume this can easily convince people of selloff illusion. Trader can BUY all the way to .00019 BUYS but they will print as .0001 SELLS and not print the BUYS on Tape feeds everywhere.
Brad
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM