November 3, 2000

Stock decimal pricing expected to increase market sales volume

By

The securities industry’s move toward decimal pricing began in 1996 when a congressional subcommittee was formed to look at the issue. In 1997 and 1998, hearings were held on proposed legislation that would direct the Securities and Exchange Commission (SEC) to require that securities be traded in dollars and cents rather than fractions.

Industry representatives responded that they were already committed to converting to decimals, having identified several benefits in their research. With decimalization imminent, you may be wondering how it will affect you and your investments.What is decimalization?Decimalization is the conversion of all securities industry systems…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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