Sentences with phrase «decimalization in»
Another excellent example is the introduction of decimalization in 2001.
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At the same time, regulators change trading «ticks,» or the increments in which stocks can trade, from the current decimalization to nickel sizes, eliminating the benefits that high - frequency traders enjoy from capitalizing on moves of pennies.
The Federal Reserve Bank of Chicago measured a 30 % drop in average bid — ask spreads from two weeks prior to two weeks after the conversion to decimalization (Furfine, 2003).