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Strategies & Market Trends : Dividend investing for retirement

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To: Thehammer who wrote (22910)	5/11/2015 10:40:19 PM
From: Elroy	Read Replies (1) of 34328

So you have a background in brokerage systems? Curious - do you have any idea why most executions these days seem to get done at fractions of a penny,. but as individual investors we can only enter a penny as the smallest denomination? For example, if I try to buy T at $33.20, and I pay the offer rather than sitting on the bid, I always seem to get filled at $33.1999. Some computer program is in their jumping in front of the offer by 100ths of a penny. If the company that placed that trade (to sell to me) at $33.1999 can create an order with that price, why can't I also place a limit order in fractions of a penny?

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