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decimalization
(redirected from decimalize)

    Also found in: Dictionary/thesaurus, Wikipedia 0.08 sec.
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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