Making Cents of It All

August 1997
Journal of Financial Planning;Aug1997, Vol. 10 Issue 4, p16
Academic Journal
This article reports on the plan of the New York Stock Exchange to end its practice of quoting stock prices in eighths and begin quoting them in U.S. dollars and cents by January 1, 2000. The change is expected to save investors money because decimal pricing should reduce transaction costs. American Century Investment Management Director of Equity Trading Harold Bradley noted that investors could save anywhere from 1 billion U.S. dollars to 9 billion U.S. dollars under the new decimal system.


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