The Nasdaq Says Stop, The ECNs Say Go, Go, Go On Decimalization
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NEW YORK AND WASHINGTON--After months of speculation, the SEC has agreed to let the Nasdaq Stock Market halt the implementation of pricing stocks in decimals. Industry sources have expressed frustration with the Nasdaq about the fact that it knew as early as February that volume increases from the move to five cent pricing increments would be beyond the capacity of its computers. Meanwhile, a whole slew of brides--the ECNs Nasdaq regulates--have been left at the altar, waiting to say "I do" to
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