smaller spreads

In the past years, the markets have moved to decimalization reducing the spread size

but...

bid ask
23 1/4 23 13/50 spread = .01

is the same as

bid ask
23.25 23.26 spread = .01

unless I did the math wrong, everything seems the same to me. So how does this make things any different?
 
And what others are trying to tell you is that none of the instruments traded in 1/50 or other "weird" fractions.

Trading is/was done in 1/4, 1/8 and etc. and 1/4 is 0.25, which is far from 0.01.
 
Back
Top