3 ms·
You could make the argument it benefits anyone who sells equities, right now SPY has a penny wide bid/ask spread. One basis point is an extremely tight spread o
by quickthrowman 3y ago
You could make the argument it benefits anyone who sells equities, right now SPY has a penny wide bid/ask spread. One basis point is an extremely tight spread on an instrument that costs $413/unit. Pre-2001 the minimum tick size was $0.0625, and pre-1997 it was $0.125, I’ll take $0.01 spreads any day.