NASD Asks SEC To Delay Move To Decimalization; SIA Releases Survey
DECIMALIZATION FOCUS
WASHINGTON, DC--The National Association of Securities Dealers (NASD) has asked the Securities and Exchange Commission (SEC) to consider delaying the implementation of decimalization until 2001.
The letter, which was sent to SEC chairman Arthur Levitt by NASD chairman and CEO Frank Zarb, underlines the NASD’s support for the project but warns the commission against moving too fast. "The prudent thing to do is implement decimals when we know we are ready. We are not there yet. Nasdaq has been
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