FINRA Manual: Contents
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6433. Minimum Quotation Size Requirements For OTC Equity Securities
Past version: effective from Feb 11 2011 - Nov 11 2012.
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|Price (Bid or Offer)||Minimum Quote Size|
1 The OTCBB can accept bids/offers expressed in fractions as small as 1/256 or in decimals up to six places. In applying the price test for minimum quotation size, any increment beyond an upper limit in the right hand column will trigger application of the minimum quote size for the next tier. For example, a bid (or offer) of $.505 must be firm for a size of 2,500 shares.
Amended by SR-FINRA-2009-054 eff. Feb. 11, 2011.
Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
Renumbered from Rule 6750 and amended by SR-NASD-2005-087 eff. Aug. 1, 2006.
Amended by SR-NASD-2000-17 eff. September 5, 2000.
Amended by SR-NASD-99-32 eff. September 23, 1999.
Adopted by SR-NASD-93-17 eff. Sept. 8, 1993.
Selected Notices: 93-54, 08-57, 10-42.