Changing the NX rule

G

gimp570

Has anyone heard anything about changing the NX rule so nobody will be able to use NX in stocks that have a spread of more than .005 I heard that it is going to start in May. I really hope that this is incorrect info.
Nothing like kicking a man while he is down



m
 
Quote from gimp570:

Has anyone heard anything about changing the NX rule so nobody will be able to use NX in stocks that have a spread of more than .005 I heard that it is going to start in May. I really hope that this is incorrect info.
Nothing like kicking a man while he is down



m
More...

since when do listed stock have a spread less than a penny anyhow?
 
Quote from indahook:



since when do listed stock have a spread less than a penny anyhow?
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That's why if you can't use NX on any stock that has a spread of more than 5 cents , we might all be in big trouble



m
 
I think its if the last print is a 5 cents away from NY's bbo, the NX is turned off. What I heard is that, it is turned off so that people don't have to pay the spread because most likely the spread will big when the last print is 5 cents away. It's to protect the kiddies.
 
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