Review of Decimals by SEC

gimp570 · May 13, 2003

If anyone know were I can read about this, please post...I doubt that it will happen but we can always hope...and pray

M

estrader · May 13, 2003

If it happens you will surely know. Hoping and thinking about it all day long will only cause you to loose your sleep.

bungrider · May 13, 2003

jizz

buh-bye hidden island 3rd decimal pikers

praetorian2 · May 13, 2003

I hope they never get rid of pennies. A few spread traders might make money again, but most of us are tired of having to pay a nickle each time to execute a trade. Besides, most stocks over 10 a share trade in nickles mainly anyway. This will only mean that you can't penny some asshole who's showing 100 shares in inca and it's repeating for a billion.

musicman · May 13, 2003

Most stocks over 10 trade in nickles??? O really what stocks are those??
I will take fractions over decimals any day .

gaj · May 14, 2003

guess i'm the only one who LIKES decimals...

and though donaldson seems good so far, i inherently question why the SEC would look to reverse something when they're some terrible things (RE: options, PDT, nyse problems) going on right now.

C Robinson · May 14, 2003

http://www.reuters.com/financeNewsArticle.jhtml?type=usFundsNews&storyID=2735511

personally i think they can, should and will change the pricing increments. the transaction cost ultimately pass through to joe public anyway. i wouldn't be surprised if the institutions are behind this move. also, the recent NYSE "scandal" shoots a big hole through the "helping the little guy" ruse.

indahook · May 14, 2003

Quote from gaj:

guess i'm the only one who LIKES decimals...

and though donaldson seems good so far, i inherently question why the SEC would look to reverse something when they're some terrible things (RE: options, PDT, nyse problems) going on right now.

No way man!! Forget nickels, bring those 1/8ths back baby!!!!

shyhh · May 14, 2003

Quote from Gordon Gekko:

while they're at it, they should review the fucking pdt rules.

Count me in on this one

freeyourmind · May 14, 2003

I've only been a professional trader since decimals have been around. Never traded sixteenths or eighths. For those out there who have traded professionally for a while (before decimals), will this make trading a lot easier, or just a little?

I know I get pennied every so often. Will this be the biggest difference? Obviously, the term "pennied" would then no longer exist.