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Pastimes : Thread Morons -- Ignore unavailable to you. Want to Upgrade?


To: Graystone who wrote (10489)7/5/2001 6:54:31 PM
From: RockyBalboa  Read Replies (1) | Respond to of 12810
 
Graystone,

We have not read the documents
or
we don't understand the meaning of "decimalisation"

Decimalisation, what is that? Do we trade different numbers after conversion? Decimal numbers?

Still possible. Read it here!
"
Hurting Knight's earnings more, Napoli said, was the Nasdaq conversion to decimal pricing in April.
....
nite's excuse(or - ):

"Although Knight was fully prepared for the impact of decimalization, the concurrent implementation of a one-penny (minimum price variation) resulted in changes in trading dynamics which were difficult to assess until they were actually in effect," said Chairman Kenneth D. Pasternak in a prepared statement.