Traders Magazine, October 1999
Decimalization and extended trading have plenty of critics. An electronic survey conducted during the Security Traders Association's conference in Palm Desert, Calif. revealed that more than 60 percent of attendees surveyed strongly agree with the statement, I am concerned about how decimalization will affect the markets.' Nearly 20 percent of the respondents agreed. Moreover, 45 percent of respondents said their firms won't be ready for decimals. About 70 percent said the quote and trade increment should be five cents in decimal-based pricing.
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