Decimalization

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Decimalization

The quotation and trading of stock or bond prices in decimals, as opposed to fractions such as eighths.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
And 45 years on from the day of full decimalisation, we have a set of contemporary coins symbolising Britain which are still firmly rooted in its heraldic traditions.
Polls showed that 60 per cent of people opposed decimalisation, with the board also being forced to admit that one in four people still didn't know how much a new penny was worth.
Sandra Quinn, director of communications at the Payments Council, said: "Since decimalisation, the debit card has overtaken cash as something we are loathe to leave home without, and we've now arrived at the point where one in three people prefer to shop online rather than in person.
Unlike decimalisation there is no UK or European standard for the colours and content of wheelie bins, so please don't bring this to anyone's attention in Brussels as I quite like living in a confusing and non-standardised world.
"The idea did not go away, however, and there was further talk of decimalisation in the 1950s.
Recent comments say that we are walking blindly into Brexit - we went into decimalisation blindly and with a blindfold on.
"There were a lot of worries in the run-up to Decimalisation and one person compared it to the Millennium Bug scare in 1999 when people thought the computers and other equipment would stop working.
Britain's first decimal coins - the 5p and 10p - were issued on April 23, 1968 in preparation for decimalisation.
The new PS1 will have the same 12-sided shape of the "threepenny bit" which vanished with decimalisation in 1971.
With the introduction of decimalisation he ran settling classes for hundreds of independent bookmakers' staff, not only in Britain but also in Ireland.
1971: The old penny and threepenny piece ceased to be legal tender as decimalisation continued.
Since then, though we only wanted a market for our goods, we have had decimalisation, the metric system and countless reorganisations to pave the way for direct government from Europe.