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decimalization

   Also found in: Dictionary/thesaurus, Wikipedia 0.09 sec.
Decimalization
The process of changing the prices that securities trade at from fractions to decimals.

Notes:
The reasoning behind this was to make prices more easily understood by investors, and to bring the United States into conformity with international practices.

See also: Nasdaq, NYSE
Decimalization
The quotation and trading of stock or bond prices in decimals, as opposed to fractions such as eighths.
decimalization
The transition of security prices being quoted in decimals rather than fractions. Decimalization in U.S. markets started in fall 2000 with exchange-listed stocks and was completed in April 2001 with Nasdaq stocks. Studies during the transition indicated that moving to decimals benefited investors by reducing the bid-ask spreads.
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The adoption of decimalization and improvements in electronic trading and other technologies are combining to destroy the human markets Bill Donaldson worked so hard to protect.
The Cox revolution: how the former U.S. lawmaker is changing the SEC by Whalen, Christopher / The International Economy
This will prepare our Sun systems for the stock market move toward decimalization and penny increments.
Don't rain on Sun's parade before it even starts: new T3 architecture ... by Ferelli, Mark / Computer Technology Review
Decimalization, for example, when introduced in 2000, created a basic change for institutions and participants in the market that provide liquidity and take risk.
THE NYSE TACKLES THE FUTURE by Heffes, Ellen M. / Financial Executive
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