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»Forums Index »Archive (2017 and earlier) »IQFeed Developer Support »Minimum price increment on Nasdaq
Author Topic: Minimum price increment on Nasdaq (4 messages, Page 1 of 1)

lvarga
-Interested User-
Posts: 12
Joined: Oct 7, 2004
Posted: Mar 5, 2008 04:53 PM          Msg. 1 of 4
Hi,

As far as I know the minimum price increment is $0.01 on NASDAQ for stocks above $1.00 yet I got $6.515 (and other 3 or 4 digit precision prices) for NOVL in the tick-history request, one example would be the 2008-03-05 15:58:50,6.5150,100,6.5100,6.5200,2578287,0,0 tick, w/ $6.515 last price. Was that min. price increment for stocks above $10 or could this be a data issue?

Thanks in advance,

lvarga

DTN_Steve_S
-DTN Guru-
Posts: 2093
Joined: Nov 21, 2005
Posted: Mar 5, 2008 05:19 PM          Msg. 2 of 4
I have sent this to our Market Data team for investigation. I will post with more information as I receive it.

DTN_Steve_S
-DTN Guru-
Posts: 2093
Joined: Nov 21, 2005
Posted: Mar 6, 2008 08:08 AM          Msg. 3 of 4
The minimum increment for a bid and ask for stocks above $1.00 is $.01. However, the minimum increment for a trade is $.0001, as some trades are electronically matched to that precision.

lvarga
-Interested User-
Posts: 12
Joined: Oct 7, 2004
Posted: Mar 6, 2008 04:38 PM          Msg. 4 of 4
Thanks Steve for checking this for me. And this would hold true on Nasdaq only right, ie. on NYSE/Amex the minimum price increment is $0.01 for both bid/ask and trades?

Regards,
lvarga
 

 

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