Yes, retail investors are restricted to placing orders of at least $500 value but brokers have no such limitations. They can drop an order for one share if they want. It's also at effectively no cost to a broker as they don't pay on individual transactions like retail investors do. A broker pays a monthly subscription based on total transaction volume and value. So a trading algorithm can generate substantial sums of money by trading small parcels many times.
If you have the stomach for learning just how much high-frequency trading distorts the market, have a read...
How Algorithms and High Frequency Trading Programs Affect Your Trading
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$1.76 |
Change
0.025(1.45%) |
Mkt cap ! $338.6M |
Open | High | Low | Value | Volume |
$1.73 | $1.78 | $1.73 | $591.9K | 335.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1690 | $1.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.78 | 5532 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 1.750 |
3 | 23756 | 1.740 |
2 | 6006 | 1.730 |
1 | 400 | 1.720 |
2 | 7527 | 1.710 |
Price($) | Vol. | No. |
---|---|---|
1.775 | 5532 | 2 |
1.780 | 15071 | 3 |
1.785 | 10000 | 1 |
1.790 | 4622 | 2 |
1.795 | 15000 | 1 |
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