Decimalization Is On Schedule, Says SIA After Pilot Trading Period

DECIMALIZATION FOCUS

NEW YORK: Atomic Tangerine (formerly SRI Consulting) has completed a study of pilot trading in decimals on listed exchanges for the Securities Industry Association.

There were no surprises in message traffic, trading spreads, trade sizes or market patterns, except for a 35 percent increase in quote activity that was dramatically below the 100 to 130 percent increase that had been expected.

The study period was from Aug. 28 to Oct. 20. Pilot trading began with seven issues on the New York Sto

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: