Effective Monday, November 5, 2012
| OTC Equity Securities Minimum Quotation Size Requirement Change |
Overview
| Price (Bid or Offer) | Minimum Quote Size |
| 0–.50 | 5,000 |
| .51–1.00 | 2,500 |
| 1.01–10.00 | 500 |
| 10.01–100.00 | 200 |
| 100.01–200.00 | 100 |
| 200.01–500.00 | 25 |
| 500.01–1000.00 | 10 |
| 1000.01–2500.00 | 5 |
| 2500.01 + | 1 |
Modified Quotation Tier Structure (in effect for a minimum of one year after November 5, 2012)
| Price (Bid or Offer) | Minimum Quote Size |
| 0.0001–0.0999 | 10,000 |
| 0.10-0.1999 | 5,000 |
| 0.20–0.5099 | 2,500 |
| 0.51–0.9999 | 1,000 |
| 1.00–174.99 | 100 |
| 175.00+ | 1 |
Testing for the modified tier structure changes will be available on Saturday, October 13, 2012, and Saturday, October 20, 2012. FINRA will issue additional testing details as they become available. Please contact FINRA Product Management or call (866) 899-2107 with questions.
