Sec investigating de-decimalization. Bringing back fractional pricing.

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KINGOFSHORTS

Sec planning to investigate full banning of hft trading but bringing back fractional pricing to give firms the capability to earn on the spread.

"we feel this is the best compromise for all parties involved, slowing down trading and widening the spread via fractional pricing will help provide a stable retail friendly market. Participants will earn on the spread what they lose from the loss of hft activity."

http://www.sec.gov/rules/other/decimalp.htm
 
Hahahaha.

That was a good one.

It won't ever happen. The liquidity means decimilization will never be abolished.

This joke is hilarious, and I think it shows how off the ball the SEC was when it actually did become decimalized in 2001.
 
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