Prices
Members should program their systems to allow execution prices to be returned with up to four decimals.
- Order prices below $1.00 may be priced up to four decimal places.
- Order prices of $1.00 or more may be priced up to two decimal places.
- Order prices for securities in any of the Tick Size Pilot Program Test Groups must be entered in $0.05 increments.
Example:
| Price | Notes |
|---|---|
| 0.0001 to 0.9999 | Accepted. |
| 1.0010, 1.0001, 12.3456 | Rejected - sub-penny not allowed above one dollar (except for Retail Price Improving orders (BYX only). |
| 1.0000, 1.00, 12.3400, 12.34, etc. | Accepted - round penny (extra trailing zeroes are fine). |