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NYSE May Move To One Cent Increments
To those who think that decimalization, teenies et. al are a blight on equities trading--just ask Steve Wunsch of the Arizona Stock Exchange--the possibility exists that you ain't seen nothin yet. The New York Stock Exchange is considering a move to one cent increments, starting with the kick-off of decimalization next year.
The move would trash the Securities Industry Association's plan to move to five cents for a limited number of securities next July. SIA's
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