Classic Odd Lot NBBO
Instructions
As set forth in Securities and Exchange Commission (SEC) Final Rule Notice, the SEC has adopted new definitions for "Odd Lot" information under the Market Data Infrastructure (MDI) Rules to enhance the transparency for investors and other market participants of quotes and orders in NMS stocks. This section may combine multiple odd lot quotes without a protected quote change.
Single-use Snapshot Quotes are automatically enabled, meaning there is no need for any special subscription or sign-up. If you don't subscribe to real-time market data, you'll see the Snapshot button in the Order Entry panel when available for the selected asset. If you are subscribed to market data, you will see the Consolidated button.
To view this information, please take the steps outlined below.
Snapshot
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Navigate to the Watchlist or Portfolio and click an asset. Select the Snapshot button and the Odd Lot quotes will populate.
Consolidated
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Navigate to the Watchlist or Portfolio and click an asset. Select the Consolidated button and the Odd Lot quotes will populate.
Please Note: Client applications should discard odd-lot quotes that are worse than the NBBO.