Institutions Pay Price For Decimal Trading
Traders Magazine, January 2001
Told you so. That's what some traders are privately saying about a coming report that will reveal how institutional trading costs have soared since a bunch of stocks on the New York Stock Exchange switched to decimal trading.
A study by the University of Georgia and Columbia University will show that institutional trading costs have risen by about one half since the switch to decimals, according to a report in BusinessWeek.
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