Pricing

The Net Limit Price of the complex order package can be entered with up to 4 decimals. The equity component of the Net Price represents the cost of 1 share. Stock legs always adhere to any trading restrictions in effect such as Reg SHO and LULD. Equity legs of stock-option orders are allowed to execute outside of the equity NBBO by no more than a buffer amount of $0.25 if necessary to achieve the net package price.

Stock legs as part of a QCC can be priced outside of the NBBO at any price.

Stock legs will be priced in 4 decimals on the tape print.