'Stub Quoting' Helps Explain Last Thursday's Penny Prices (Wall Street Journal)

Everyone is still trying to understand what happened on May 6.  Stub quoting was certainly not the overall cause, but might help to explain why a few stocks went to a penny.

“If we end up with the trading curbs across all the trading exchanges that have been discussed, it would make this become a non-issue,” said Kevin McPartland, a senior analyst with research firm Tabb Group.

Full article at MarketWatch.com and WSJ.com

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