All securities listed on Nasdaq now trade and quote in decimals.

0 Comments | M2 Presswire, April, 2001

M2 PRESSWIRE-10 April 2001-NASDAQ: All securities listed on Nasdaq now trade and quote in decimals (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:09042001 Washington, D.C. -- The Nasdaq Stock Market announced that with today's successful "big bang" implementation of decimal trading, all 4,880 Nasdaq equity securities are now quoting and trading in decimals rather than fractions for the first time in history.

Two previous pilot implementations of 212 Nasdaq stocks and two OTC Bulletin Board^ securities were carried out according to plan on March 12 and March 26, 2001. "Today we consign fractions to history and enter a new era of quoting the prices of Nasdaq stocks in dollars and cents," said Gregor S. Bailar, Executive Vice President of Operations and...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)