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The Problems Of Decimal Pricing: The Minimum Tick Size Is Spreading Pain

Traders Magazine, July 2003

Nina Mehta

The time has come for the regulators to overhaul a celebrated and controversial market structure reform, according to some institutional traders. The introduction of decimalization is triggering widespread complaints from many pros. Sure, decimalization has brought some benefits to investors, benefits such as the reduction of explicit costs. But the minimum tick size of a penny has led to serious problems, say these pros.

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