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)
Further reading
What if, instead of being an inanimate object, a dictionary were alive? That’s the idea behind a lavishly illustrated new children’s book called The Dictionary Story (Bookshop|Amazon) by Oliver Jeffers and Sam Winston. This is part of a...
Asthenosphere, a geologist’s term for the molten layer beneath the earth’s crust, sparks a journey that stretches all the way from ancient Greece to the author of Uncle Tom’s Cabin. Plus: What the heck is a dogberg? It’s when...