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The minimum price variation ("MPV") for quoting and entry of orders in securities traded on the NYSE Arca Marketplace is USD 0.01, with the exception of securities that are priced less than USD 1.00 for which the MPV for quoting and entry of orders is USD 0.0001."
For NASDAQ equities rule 4701 (k) reads: "The term "minimum price increment" means USD 0.01 in the case of a System Security priced at USD 1 or more per share, and USD 0.0001 in the case of a System Security priced at less than USD 1 per share."