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synaphai

05/26/23 12:23 PM

#10343 RE: jr09 #10341

How many shares are you trying to buy?

Under FINRA rules for OTC stocks trading between 20 and 51 cents, a bid won't be quoted unless it's for at least 2500 shares. That means if you put a bid in for 1000 shares at 25 cents it won't show up on level 2 so nobody will know it's there to be filled. You can always get a bid filled at the ask price, which is currently 60 cents, but for anything less your order will be invisible unless it's for at least 2500 shares.

Here are the FINRA minimum quote rules:

https://www.finra.org/rules-guidance/rulebooks/finra-rules/6433