Toronto Exchange Will Cut Over To Decimal Pricing


The Toronto Stock Exchange has announced that it will soon move completely to decimal trading, making it the first securities exchange in North America to scrap fractions in favor of decimals. A change-over itinerary is expected to be announced by mid-October. Member firms don't expect the switch to be a technologically difficult one for them.

John Carson, vice president and member of the regulatory committee of the Toronto Stock Exchange, says he hopes that decimalization will increase business

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