{"slug":"midpoint-peg-orders-explained","qid":"spread_by_name","label":"Average NBBO spread and the midpoint saving, 10:00 to 11:00 a.m. ET, June 17 2026","post_title":"Midpoint Peg Orders Explained: Half-Cent Fills","post_url":"/blog/midpoint-peg-orders-explained#q-spread_by_name","columns":["symbol","spread_cents","half_spread_cents"],"rows":[{"symbol":"KO","spread_cents":1.55,"half_spread_cents":0.78},{"symbol":"SPY","spread_cents":2.38,"half_spread_cents":1.19},{"symbol":"NVDA","spread_cents":2.41,"half_spread_cents":1.2},{"symbol":"AAPL","spread_cents":3.82,"half_spread_cents":1.91},{"symbol":"MSFT","spread_cents":6.22,"half_spread_cents":3.11},{"symbol":"BLK","spread_cents":170.76,"half_spread_cents":85.38}],"shape":"ranking","sql":"SELECT\n    ticker                                                            AS symbol,\n    round(avg(toFloat64(ask_price) - toFloat64(bid_price)) * 100, 2)  AS spread_cents,\n    round(avg(toFloat64(ask_price) - toFloat64(bid_price)) * 50, 2)   AS half_spread_cents\nFROM global_markets.cache_stocks_quotes\nWHERE ticker IN ('SPY', 'KO', 'AAPL', 'MSFT', 'NVDA', 'BLK')\n  AND sip_timestamp >= '2026-06-17 14:00:00'\n  AND sip_timestamp <  '2026-06-17 15:00:00'\n  AND bid_price > 0\n  AND ask_price > bid_price\nGROUP BY ticker\nORDER BY spread_cents ASC","computed_at":"2026-08-09T15:29:20.191018+00:00","elapsed":0.002306612}