Decimalization

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Related to decimal system: decimal number system, Dewey decimal system, metric system

Decimalization

The quotation and trading of stock or bond prices in decimals, as opposed to fractions such as eighths.

Decimalization

1. The process of changing listings of security prices from fractions to decimals. Decimalization makes prices and the market easier for investors and laypeople to understand.

2. In the United Kingdom, the process of changing the calculation of the pound sterling to a decimal system. Prior to 1971, the UK had a very complex way of calculating subdivisions of the pound. Since then, the currency has been decimalized into 100 pence.

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.
References in periodicals archive ?
And to think that Americans were the first to use a decimal model for currency, proposed by Thomas Jefferson and adopted in 1784, even before France became the first country in the world to adopt the decimal system of measurements in 1795 (Mexico adopted it in 1857, Italy in 1861, the U.
It began to disappear when we converted to the decimal system in 1957," he adds.
It's based on a decimal system to make calculations simple and is used by nearly all the world.
His Yale classmate Kelsey Saint came aboard soon thereafter, and helped establish the Construction Specification Institute's 16-division format, an organizational system which did for building documents what the Dewey Decimal System did for library books.
Intended primarily for the University of South Africa (Unisa) undergraduate student, this work proceeds from an explanation of the Dewey Decimal System (DDC) to an examination of the formats for providing references using the Harvard method.
The decimal system of numbers is our constant companion as we strive to make sense of the world.
The second set concerned the dates between which the European replacement decimal system was gradually introduced into the UK.
The Arabic numeral - an improvement on the original Hindu concept - and the Arab decimal system facilitated the course of science.
The Great Dewey Hunt" is the third title in a series designed by author Toni Buzzeo to teach grade school children about how to use the Dewey Decimal system in a library.
While the Dewey Decimal System was a filter that made paper libraries easily navigable, there is no similar system online.
5 in the Dewey decimal system, where we would do it in the