SEC Weighs Bringing Back Fractions in Stock Prices

[maxpi]

Quote from traderchi128:

The Bid Ask spread on NYSE was 1/8. Stocks traded only in 1/8th increments. What you are saying did not exist. There was absolutely no gaming going on in between back then.

so a ten cent stock had a twelve and a half cent spread then?

 

[HeSaidSheSaid]

probably, market makers haven't been able to make money with the penny spread

 

[dealmaker]

Quote from OnClose:

http://online.wsj.com/article/SB10001424052970204005004578080780495541260.html

I've traded with both and prefer decimals, what is your opinion fractions or decimals?

the article reads as though, it will only be in thinly traded stocks...

 

[traderchi128]

Quote from maxpi:

so a ten cent stock had a twelve and a half cent spread then?

Don't know about Penny Stocks. Wasn't trading them. Most real firms weren't.

 

[zdreg]

Quote from maxpi:

so a ten cent stock had a twelve and a half cent spread then?

it didn't apply to stocks under $1.00

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try shorting a stock with a 1/16 or a 1/8 spread. now it is the easiest thing in the world. but then again some of the posters on this thread are "masters" only on the long side.

maybe they will bring back bullets. what a joke.