The minimum bid size is also known as tick size and represents the smallest price increment that the price of a security can change.
Product | Price Range ($) | Minimum Bid Size ($) |
Stocks, REITs, Business Trusts, Company Warrants | Below 0.20 | 0.001 |
0.20 to 0.995 | 0.005 | |
1.00 and above | 0.01 | |
Exchange Traded Funds (ETFs) Exchange Traded Notes (ETNs) | All | 0.01 or 0.001 |