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The stock markets were set up when the US was still using British currency.
For several decades after the american revolution, British currency ws
favored over American currency in all transactions. My guess is that the
fractional prices werre based on the practise of the London Stock exchange.
I thought that sites like bigcharts.com gave you an option, try
wallstreetcity.com and pcquote.com.
Lionel
-----Original Message-----
From: Ian Mitchell <ianm@xxxxxxxxxxxxx>
To: metastock post <metastock@xxxxxxxxxxxxx>
Date: Friday, July 10, 1998 6:13 PM
Subject: US Stocks - Fractions
>I live in Australia. I read US stock prices for the few US shares I have on
>Bigcharts. They are always expressed in fractions, and I have to convert to
>decimal to plot and make sense of them. Why in a country which has had a
>decimal currency for longer than most are stocks still expressed this way?
>Are there sites similar to Bigcharts which express them in decimal?
>
>Regards
>Ian
>
>
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