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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.
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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NASDAQ" Discussant: Stewart Mayhew, University of Georgia Sugato Chakravarty, Purdue University; Venkatesh Panchapagesan, Washington University; and Memphis, "Has Decimalization Hurt Institutional Investors?
Market Microstructure. (Conferences) by NBER Reporter
For example, brokerage firms put decimalization on the back burner because of preparations for Y2K.
A fraction at a time by Cintron, Ivan / Black Enterprise
During his tenure, Bradley stood at the forefront of investor advocacy issues, pushing relentlessly for public policies, such as decimalization, to reduce investor trading costs.
Harold Bradley Joins Kauffman Foundation as Chief Investment Officer by Business Wire
 
 
 
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