1. An AMEX spokeswoman said today that decimal pricing is inevitable. 2. A case in point is decimal pricing of stocks instead of the old fractional method. 3. A switch to decimal pricing is expected to benefit individual investors by allowing them to trade options at fairer prices. 4. In a separate article, Business Week says the change to decimal pricing in stocks may not help investors as much as speculated. 5. Nasdaq officials are studying decimal pricing. 6. Other critics of the legislation cited its technological burdens on the securities industry and the uncertain costs and impacts of decimal pricing. 7. Other exchanges and the National Association of Securities Dealers are moving to narrower spreads as a bill advances in Congress that would require decimal pricing. 8. SEC Chairman Arthur Levitt, who has praised the concept of decimal pricing but taken no position on the legislation, declined comment. 9. The NYSE says decimal pricing would eventually deter dealers from trading in many stocks, while allowing professional traders to place their own orders ahead of their customers. 10. The move is a huge reversal for the NYSE board, which as little as six weeks ago vehemently opposed decimal pricing. |
|