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Decimalization |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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. This will prepare our Sun systems for the stock market move toward decimalization and penny increments. Decimalization, for example, when introduced in 2000, created a basic change for institutions and participants in the market that provide liquidity and take risk. |
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