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decimalization
(redirected from decimalisation)

    Also found in: Dictionary/thesaurus, Wikipedia 0.06 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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In addition, decimalisation was instigated in 1858 adding still further to the complexity of working out the value of coins in daily use.
DEVILS, FAMILIARS AND SPANIARDS: SPHERES OF POWER AND THE ... by Bankoff, Greg / Journal of Social History
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