why are some investors again the new decimal syst - 未名空间MITBBS历史存档

国际科技财经博客移民网络热点娱乐民生时事公众号

Redian新闻

>未名空间

>Economics - 经济

why are some investors again the new decimal syst

why are some investors again the new decimal syst# Economics - 经济

q*i2001-03-25 08:03

1 楼

NYSE just switched to decimal trading system (all
stocks are listed in cents vs. fractions (1/32, 1/64 or 1/128th
for example).
Some dealers and investors plan on filing a lawsuit
against it on the basis that it hurts investors.
Why? or Why not?

y*g2001-03-25 08:03

2 楼

SEC forced the change because they believe decimal trading
will provide a opptunity for lower spread, which is in favor
of investor.
Some dealer and institutional investor complain that it is
very difficult to execute big block limit order now, because
small investor will jump ahead and pick up the order flow with
only 1 cent better pricing.
I like the change because I think the dealer's argument is not
as strong as SEC, because big investor can always break a large block
of order into small ord

【在 q**i 的大作中提到】

: NYSE just switched to decimal trading system (all
: stocks are listed in cents vs. fractions (1/32, 1/64 or 1/128th
: for example).
: Some dealers and investors plan on filing a lawsuit
: against it on the basis that it hurts investors.
: Why? or Why not?