{"slug":"order-modification-and-queue-priority","qid":"spread_ticks","label":"How often the quoted spread sits at a single cent (10 June 2026 session)","post_title":"Does Modifying an Order Lose Queue Priority?","post_url":"/blog/order-modification-and-queue-priority#q-spread_ticks","columns":["symbol","avg_spread_cents","one_tick_wide_pct"],"rows":[{"symbol":"NFLX","avg_spread_cents":1.3,"one_tick_wide_pct":81.4},{"symbol":"KO","avg_spread_cents":1.31,"one_tick_wide_pct":74.2},{"symbol":"NVDA","avg_spread_cents":2.6,"one_tick_wide_pct":12.3},{"symbol":"AAPL","avg_spread_cents":3.36,"one_tick_wide_pct":10.5},{"symbol":"SPY","avg_spread_cents":2.85,"one_tick_wide_pct":10},{"symbol":"COST","avg_spread_cents":77.53,"one_tick_wide_pct":0.2}],"shape":"ranking","sql":"SELECT\n    ticker                                                                                  AS symbol,\n    round(avg(toFloat64(ask_price) - toFloat64(bid_price)) * 100, 2)                        AS avg_spread_cents,\n    round(100 * countIf(toFloat64(ask_price) - toFloat64(bid_price) <= 0.0105) / count(), 1) AS one_tick_wide_pct\nFROM global_markets.cache_stocks_quotes\nWHERE ticker IN ('AAPL', 'KO', 'SPY', 'NVDA', 'COST', 'NFLX')\n  AND sip_timestamp >= '2026-06-10 13:30:00'\n  AND sip_timestamp <  '2026-06-10 20:00:00'\n  AND bid_price > 0\n  AND ask_price > bid_price\n  AND toFloat64(ask_price) - toFloat64(bid_price) < 5\nGROUP BY ticker\nORDER BY one_tick_wide_pct DESC","computed_at":"2026-08-14T16:06:38.587898+00:00","elapsed":0.00232737}