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Trading in Dollars and Cents / SEC commissioner calls for decimal quotes on U.S. markets.

Publication: San Francisco Chronicle
Publication Date: 26-SEP-96
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Securities and Exchange Commissioner Steven M.H. Wallman yesterday urged the U.S. stock markets to start expressing share prices in decimals rather than fractions by January 1999.

Wallman said in a prepared speech that decimals are easier to understand than fractions and would lead to more favorable prices for investors...

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