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Institutions Pay Price For Decimal Trading

Traders Magazine, January 2001

Gregory Bresiger

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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