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Buyside Survey Casts Doubt on Decimals

Traders Magazine, October 2001

Staff reports

Decimal pricing on the New York Stock Exchange and Nasdaq is not good for market liquidity or transparency, according to a new survey of buyside traders. More than 75 percent of traders polled at a cross-section of institutional firms also said they have changed trading strategies since decimal pricing was introduced in Aug. 2000 on the Big Board and last March on Nasdaq.

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