Another article on Decimalization. thestreet.com I am sure there are a ton of them.
Kinda of interesting in light of the eVWAP volumes that are starting to burst up. I don't mean it in the "penny jumping" context, to coin a phrase, which is a new complaint that is emerging under regular way trading, but just the notion that under eVWAP, buyers/sellers are able to swap a security at a price that doesn't move. For example, MOT went 50,750 share deep per side today and they all traded at the same price. A very interesting time to keep an eye on this company.
From ashton's web page
The following blocks were executed March 19, 2001, with NO MARKET IMPACT through the eVWAP system: AHP 14,000 AOL 17,000 AXP 31,500 BAC 17,500 BUD 23,500 C 16,500 CCU 27,500 CHV 12,000 DIS 22,500 G 33,000 GE 57,000 GM 11,500 HD 45,000 IBM 11,500 MO 5,000 MOT 101,500 MRK 12,000 PFE 17,500 PG 6,500 SBC 41,000 SLB 10,000 SLR 17,500 T 25,500 TXN 25,000 V 25,500 VIA B 29,000 WFC 10,000 WMT 21,000 XOM 31,000 ____________ 1,430,000 shares, executed pre-opening in eVWAP with complete anonymity, no market impact, at very low fees.
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