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Decimal Trading.....Are you ready?

An SI Board Since August 2000

Posts	SubjectMarks	Bans
2	1	0

Emcee: Vendit™	Type: Unmoderated

Introduction Compact

I was asked by a good friend today who is also an author if I had any thoughts about the coming change to decimal trading. I of course had to stuggle to come up with a reply to her.<g>

My reply:

Dear S----a

I do have a few thoughts regarding decimal quotes and decimal trading. I assume this is being done for two reasons.

(1-) To allow U.S. markets and foreign markets to merge some time in the future (2-)as smaller investors will want to take advantage of self directed trades during the coming global economic expansion. This in my opinion will be fueled by the ever expanding wireless and mobility communication devices that are currently making their debut.

Societies are created and economies grown in direct relation to the availability of food, transportation and communication. From this I deduce a global boom which will last years into the future basically because of the
"new economy" which you and I have discussed in the recent past.

Do I see any downside to this decimal trading you may wonder? Indeed I do. I honestly don't think that the NASDAQ is ready for this change as of my writing this email to you. I foresee this growing market attracting an ever
increasing number of people who seek to enrich themselves as they begin to see the markets made more user friendly when quotes are made in dollars and cents and the global economic expansion. This may well lead into more market
server overloads or "black outs" as we have seen in the recent past.

As I understand it the SEC has imposed a deadline for changing their quotes to decimal quotes as of March 12, 2001 for NASDAQ securities. Of all of the indices the NASDAQ will feel the crunch the most in my opinion.

So to the SI members who may read this thread header I don't expect many of you will post right away....because you are still asking yourself.....Decimal Trading.....what is this guy talking about!

Post script: Clowns as well as non Clowns are welcome here.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
2	Just thing of the quotes being made in dollars and cents.	Vendit™	-	8/28/2000
1	I don't like it(especially this early in the morning before my coffee has ju	AugustWest	-	8/28/2000

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