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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Gary Korn who wrote (8688)	1/29/2001 3:53:14 PM
From: TFF	Read Replies (1) of 12617

NYSE Conversion to Decimal Pricing - "smooth as silk" New York, Jan. 29, 2001 (Bloomberg) -- Richard Grasso, chairman and chief executive of the New York Stock Exchange (NYSE), responds to questions about today's completion of the shift to decimal pricing of stocks listed on the exchange. The NYSE initiated a gradual transition from prices incorporating fractions, which had been the standard for 208 years. 00:30 Questions: "Conversion has been smooth as silk." 02:53 Reasons for pricing change; timing of introduction 02:32 Outlook for spreads; advice for Nasdaq's transition 01:29 "A public offering (of NYSE) is not being considered." 05:08 Likely impact of new standard on exchange, listings 01:16 Overall analysis: "I don't see a downside to this."

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