SEC Confirms Deadline For Decimalization Has Been Delayed From July

DECIMALIZATION FOCUS

WASHINGTON, DC--Securities and Exchange Commission chairman Arthur Levitt last week laid the blame for the delay in decimalization at Nasdaq’s door. Decimalization, which the SEC intended to phase in starting July 3, has now been officially delayed.

The National Association of Securities Dealers (NASD) recently expressed concern about its readiness to proceed with the conversion to decimal trading. Association chairman and CEO Frank Zarb sent a letter to Levitt at the SEC earlier this year

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