Definitions
Century Dictionary and Cyclopedia
- n. The act of reducing or causing to conform to the decimal system.
Wiktionary
- n. alternative spelling of decimalisation.
GNU Webster's 1913
- n. the act of changing to a decimal system.
WordNet 3.0
- n. the act of changing to a decimal system
Examples
“In the past decade, so-called decimalization -- pricing stocks in pennies from fractions of a dollar -- and the automation of trading narrowed a broad field of retail market makers to the dominant five.”
“That month, then – SEC chairman Arthur Levitt, eager to push the market into the digital age, ordered exchanges to implement "decimalization" — i.e., allowing stocks and options to be listed in one-cent increments rather than 12. 5-cent ones.”
“In a decade or two when the post-mortem is written, it will be hard to disaggregate the relative contributions to our decline from patent law changes from our declining public education and the rest of the world's rising education quality, Sarbanes-Oxley, options expensing, immigration policy, the forced separation of research analysts from investment banking, decimalization of stock trading, and the myriad other forces that tilt the ecosystem against technology entrepreneurship.”
“A decade ago, "decimalization" at the stock exchanges delivered small savings for investors on each transaction but reduced the profits for brokerages, especially when trading small-cap stocks.”
“And it's definitely not because decimalization has made Wall Street uninterested in trading the shares of a company already valued at $50 billion or more.”
“It is undated and unpriced – the latter information would have let us know whether it was before or after decimalization.”
“This eliminated the traditional stock market-based system of trading in mostly quarters and eighths of a dollar and set the stage for decimalization, allowing today's shares to trade in one-cent increments.”
“• Global Research Settlement - After decimalization began, in an effort to continue writing research reports, Wall Street began funding research with investment banking profits.”
“Others suggest the best way to stabilize markets is to give trading firms more incentives to register, especially as decimalization has chipped away at market-making profits.”
The Wall Street Journal: Keeping Traders in the Market Could Prove Challenging
“The ranks of exchanges 'official market makers in recent years have thinned, especially since the 2001 switch to decimalization, namely pricing stocks in dollars and cents rather than dollars and fractions.”
The Wall Street Journal: Keeping Traders in the Market Could Prove Challenging
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