Who asked about the innovation of changing the price step from $0,01 on $0,05 for American stocks, I found where everything is described in detail. It turns out they are 2 they will experiment for years and then draw conclusions.
Lists of shares are also published there., who participate in the experiment. There are a lot of them and if every time you place an order you check, it will take a lot of time. Any order, with a price that does not take into account the price step, will be rejected by exchanges. And if, for example, IB не принимает неправильные ордера, then other brokers are not so smooth. Place an order to the broker while the exchange is not working, and consider that everything is under control. Then go to the broker, see, and there the order is rejected…..
