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SHOCKING MARKET SHAKEUP: Get Ready for the New “Round Lot” Revolution!
TOUCH OF CHAOS: What You Must Know!
NEED ANSWERS? Contact Us NOW!
CRUCIAL DETAILS YOU CAN’T MISS:
- Mark your calendars! Starting November 3, 2025, the Securities and Exchange Commission (SEC) is rolling out sensational new “Round Lot” rules that will change the game for stock investors everywhere! This explosive move aims to boost transparency for quotes and orders in NMS stocks. Buckle up!
- Here comes the dramatic breakdown of the new Round Lot Tier designations:
- Every NMS stock will be assigned a round lot size twice a year, based on its average closing price. Here’s how it will work: They’ll evaluate the prices during the busiest trading days — March and September — and set those round lots on the first business day of May and November. Simple, right?
| Share Price | Round Lot Size |
|---|---|
| $0 – $250 | 100 |
| $250.01 – $1,000 | 40 |
| $1,000.01 – $10,000 | 10 |
| $10,000.01 – more | 1 |
Let’s face it: the average closing price will be the ultimate deciding factor for each NMS stock. Watch closely as the primary listing exchange takes charge of determining this critical round lot size!
WHAT’S CHANGING? Groundbreaking Developments Ahead!
The SEC is introducing jaw-dropping alterations to how we define “Round Lot.” Here’s everything you need to know:
| Share Price | Round Lot Size |
|---|---|
| $0 – $250 | 100 |
| $250.01 – $1,000 | 40 |
| $1,000.01 – $10,000 | 10 |
| $10,000.01 – more | 1 |
EVERYTHING CHANGED: How Will Round Lots Be Determined?
Get ready, stock warriors! Each NMS stock will score a round lot size twice a year — but only after grueling evaluation periods in March and September! The primary listing exchange will make the call based on average closing prices. Be prepared to adapt!
DATA SUBSCRIBERS: Here’s How You’ll Get the Scoop!
Every day, the UTP SIP will deliver the goods using the Issue Symbol Directory Message to keep you in the loop about the Round Lot Size assigned to the NMS securities. Forget waiting around; you’ll get this info hot off the press!
ANOTHER TWIST: Will Quote Sizes Change for Data Subscribers?
You bet they will! No more playing it safe with “increments of a round lot.” After this groundbreaking change, quote sizes will reflect the actual number of shares, rounded down to the nearest round lot size. It’s a whole new ball game!
Check this out:
- For a security with a round lot of 100 shares, if a participant says they want to buy/sell 300 shares, they usually quote 3 (3 lots of 100). But starting on November 3, 2025? They’ll just say 300! Straightforward!
- If a security has a round lot of 40 shares and a participant is ready to trade 200 shares, they’d quote 5 (5 lots of 40). But guess what? From November 3, 2025, the quote will simply be 200! No fuss!
TESTING, TESTING: Are You Ready?
| Type of Testing | Scheduled Dates | Description |
|---|---|---|
| Evening Test Transmissions | Nightly starting in Aug/Sep 2025 until the big launch | Catch the test data from 9:30 pm – 10:30 pm on “Test Broadcast” IP Multicast channels — no sign up needed! |
| Saturday User Acceptance Test (UAT) | Tentatively set for: September 20, 2025; October 11, 2025; October 18, 2025; November 1, 2025 |
Get in there and process data through SIP — feel the adrenaline! |
| Epic Production Launch | November 3, 2025 | UTP is revving up for a landmark production launch starting November 3, 2025! |
