Decimal trading
Decimal trading
The quotation and trading of stock or bond prices in decimals, as opposed to the quotation of prices in fractions.
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Decimal Trading
Trading in which the price of a security is quoted using decimals rather than fractions to represent divisions of a dollar. That is, a quote in decimal trading would be $10.25 instead of $10 1/4. Decimal trading as become more common with digitalization. See also: Drill Bits.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved