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Why didn't my buy limit order become the highest bid?

Personal Finance & Money Asked on October 5, 2021

I am trying to buy a stock that is $307 bid and $312 offered. I placed a buy limit order for 1 share at $307.10. However, the best bid remained at $307.00. After an hour, the best bid is still $307.00. Why didn’t my limit order become the highest bid?

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One Answer

Odd lots (less than 100 shares) are not covered by NBBO regulations and they do not update the quote. Read this.

Correct answer by Bob Baerker on October 5, 2021

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