What Price Does a Market Order Fill At?
Share of AAPL prints carrying a sub-penny price, by ET hour (Sep 16, 2026)ranking ·
2026-10-05 · 5×3
AAPL quoted spread in five minute buckets, 9:00 to 11:00 a.m. ET (Sep 16, 2026)series ·
2026-10-05 · 24×3
Quoted spread across six household names, 11:00 to 11:30 a.m. ET on Sep 16, 2026ranking ·
2026-10-05 · 6×3
How AAPL volume splits across print sizes, 10:00 a.m. to 3:00 p.m. ET (Sep 16, 2026)ranking ·
2026-10-05 · 5×3
How Long a Market Order Takes to Fill
Venue timestamp to consolidated feed, in microsecondsranking ·
2026-10-02 · 5×3
Median quoted spread in basis points, same sessionranking ·
2026-10-02 · 5×3
Prints in a pinned 30-minute window, five household namesranking ·
2026-10-02 · 5×4
Seconds between prints, by how often a name tradesranking ·
2026-10-02 · 5×3
Share of AAPL prints carrying a sub-penny price, by ET hour (Sep 16, 2026)
Share of AAPL prints carrying a sub-penny price, by ET hour (Sep 16, 2026)
| et_hour | print_count | subpenny_pct |
|---|---|---|
| 10:00 | 117449 | 53.19 |
| 11:00 | 110938 | 62.82 |
| 12:00 | 54569 | 50.3 |
| 13:00 | 40150 | 32.93 |
| 14:00 | 81758 | 26.85 |
the exact SQL behind every number
SELECT
formatDateTime(toStartOfHour(toTimeZone(sip_timestamp, 'America/New_York')), '%H:%i') AS et_hour,
count() AS print_count,
round(100 * countIf(toUInt64(round(toFloat64(price) * 10000)) % 100 != 0)
/ count(), 2) AS subpenny_pct
FROM global_markets.stocks_trades
WHERE ticker = 'AAPL'
AND sip_timestamp >= toDateTime('2026-09-16 14:00:00', 'UTC')
AND sip_timestamp < toDateTime('2026-09-16 19:00:00', 'UTC')
AND price > 0
AND size > 0
GROUP BY et_hour
ORDER BY et_hour
More from this analysisWhat Price Does a Market Order Fill At?
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