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sub-penny quoting

sub-penny quoting
 n.— «While the practice of sub-penny quoting is largely invisible, it has led to prevalent cutting, or “stepping ahead” as they call it in the markets.» —“SEC Proposals Mean More Than Chump Change to Investors” by Sam Ali, Susan Todd Newhouse News Service Apr. 26, 2004. (source: Double-Tongued Dictionary)

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