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Strategies & Market Trends : World Outlook

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To: Don Green who started this subject	6/29/2003 5:49:07 AM
From: Don Green	of 50368

SEC and NYSE Propose Rethinking Decimalization By Susan Harrigan STAFF WRITER June 29, 2003 Just when small investors appear to be inching back into the stock market, some on Wall Street - including two powerful regulators - are proposing a study that could lead to higher trading costs for the little guy. Amid a chorus of complaints from brokerages and some large institutional investors who say that "decimalization," or pricing stocks in pennies, has cost them money, U.S. Securities and Exchange Commission Chairman William Donaldson said in an interview with CNBC last month that "the whole issue of decimalization needs to be looked at." Shortly afterward, New York Stock Exchange chairman Richard Grasso said he supported that idea. newsday.com

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