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To: LPS5 who wrote (8640)	1/18/2001 8:55:34 PM
From: Wayners	Read Replies (1) \| Respond to of 12617

Is the actual volume going to increase or just the number of trades? Seems like it should be the latter but every source I've read says volume is going to increase.

To: LPS5 who wrote (8640)	1/18/2001 9:38:29 PM
From: Apakhabar	Read Replies (1) \| Respond to of 12617

is it a done deal that decimals will be carried to the penny? I also find it strange they are not going to go to nickels. It seems likely to me that traders who pay per trade instead of per share are going incur more commission costs with penny decimalization unless they use market orders.

To: LPS5 who wrote (8640)	1/19/2001 10:14:08 PM
From: Cash	Read Replies (2) \| Respond to of 12617

The real question isn't whether volume will rise, it's whether the quote vendors will be able to handle the change in quote volume. As it is now, most of the prices are on 1/16th. With everyone and their brother putting in prices at 1/100, you've got a potential change in quotation volume (not trading volume) of nearly 8-fold. Even if it's only half of that, that's an ENORMOUS increase in bandwidth. If you think it's hard to find a quote vendor that can keep up with L2 quotes now, wait until after decimalization. And if you're currently using L2 on a dial-up line, I'd scramble to get something with more bandwidth. I wonder if anyone has done the math to determine the potential bandwidth increase coming. Either NASDAQ or the quote vendors.