q**i
发帖数: 174 | 1 NYSE just switched to decimal trading system (all
stocks are listed in cents vs. fractions (1/32, 1/64 or 1/128th
for example).
Some dealers and investors plan on filing a lawsuit
against it on the basis that it hurts investors.
Why? or Why not? | y***g
发帖数: 3 | 2 SEC forced the change because they believe decimal trading
will provide a opptunity for lower spread, which is in favor
of investor.
Some dealer and institutional investor complain that it is
very difficult to execute big block limit order now, because
small investor will jump ahead and pick up the order flow with
only 1 cent better pricing.
I like the change because I think the dealer's argument is not
as strong as SEC, because big investor can always break a large block
of order into small ord
【在 q**i 的大作中提到】
: NYSE just switched to decimal trading system (all
: stocks are listed in cents vs. fractions (1/32, 1/64 or 1/128th
: for example).
: Some dealers and investors plan on filing a lawsuit
: against it on the basis that it hurts investors.
: Why? or Why not?
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