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On the NYSE, instead of there being 16 price points per dollar (ie, 1/16,
2/16, 3/16, etc.) there will be 100 price points. I remember an article in
WSJ about a study done on this issue. I think it said there would be a 40%
increase in quote traffic on one of the exchanges and a doubling of traffic
on the options exchanges. I could be wrong about these figures, but I
remember it was a dramatic increase in quote traffic.
Kent
-----Original Message-----
From: Mike Campbell <ug@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Monday, August 14, 2000 8:32 PM
Subject: Re: What options to sell?
Kent Rollins writes:
> Wasn't part of the problem during both 29 and 87, the fact that systems
> broke down and people started panic selling? The move to decimals is
going
> to have a serious effect on quoted volume.
I'm not doubting you, I'm curious. Why do you say decimalization will
have this effect?
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