Securities Markets: Decimal Pricing has Contributed to Lower Trading Costs and a More Challenging Trading Environment
Description:
A letter report issued by the Government Accountability Office with an abstract that begins "In early 2001, U.S. stock and option markets began quoting prices in decimal increments rather than fractions of a dollar. At the same time, the minimum price increment, or tick size, was reduced to a penny on the stock markets and to 10 cents and 5 cents on the option markets. Although many believe that decimal pricing has benefited small individual (retail) investors, concerns have been raised that th…
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Date:
May 31, 2005
Creator:
United States. Government Accountability Office.
Partner:
UNT Libraries Government Documents Department