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Cover Story - A Penny for Your Troubles: On the Rocky Road to the Decimalization of U.S. Stock

Traders Magazine, October 1999

Peter Chapman

Decimalization is only seven months away from replacing the fractional system used in the U.S. for quoting stocks. Retail investors may be pleased but some institutional traders are downright apprehensive.

"The market moves fast enough as it is," said Gary Kaplowitz, head of Nasdaq trading at Fahnestock & Co. in New York.

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