As tuna alluded to, IB's current pricing model doesn't work well for low-priced stocks, which is a good reason for not bothering with it, since they wouldn't get much traffic for the trouble.
There are, of course, other nuisances, like the increased incidence of trade disputes, non-firm quotes, the general nature of BB stocks giving rise to more corporate actions, etc., all of which require more work on the part of the broker to handle.
myTrack has some sort of auto-ex arrangement for BBs I think, and they have always been active in that marketplace, so this stuff isn't much of a problem for them.
As someone else said, there is work under weigh to make it more electronic instead of the phone-based negotiated market (killing field
) that it is now (or was last time I looked).
There are, of course, other nuisances, like the increased incidence of trade disputes, non-firm quotes, the general nature of BB stocks giving rise to more corporate actions, etc., all of which require more work on the part of the broker to handle.
myTrack has some sort of auto-ex arrangement for BBs I think, and they have always been active in that marketplace, so this stuff isn't much of a problem for them.
As someone else said, there is work under weigh to make it more electronic instead of the phone-based negotiated market (killing field
) that it is now (or was last time I looked).
