6650. Minimum Quotation Size Requirements For OTC Equity Securities
Every member firm that functions as a market maker in OTC Equity Securities by entering firm quotations into the OTC Bulletin Board Service (OTCBB) (or any other inter-dealer quotation system that permits quotation updates on a real-time basis) must honor those quotations for the minimum size defined in the table below. In this regard, it is the market maker's responsibility to determine the minimum size requirement applicable to its firm bid and/or offer in each of its registered securities (excluding OTC Equity Securities for which the OTCBB will not accept firm quotations). Depending on the price level of the bid or offer, a different minimum size can apply to each side of the market being quoted by the member firm in a given security.
| Price (Bid or Offer) |
Minimum Quote Size |
| 0–.501
|
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 |
