The New York Stock Exchange, LLC (NYSE) and NYSE Amex LLC (NYSE Amex) announced that each market will begin quoting, trading and routing to other market centers bids and offers priced below $1.00 that contain a sub-penny component. The changes will become effective February 1. The changes were made in connection with approved changes to NYSE and NYSE Amex Equities Rules 62. Currently, a bid/offer received by either NYSE or NYSE Amex containing a sub-penny component is rounded down/up to the next round penny.

Read more.