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On this day in 2000, the New York Stock Exchange began trading in decimals, ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar. In theory, investors will benefit from lower trading costs, but cynics worry brokers will make more money than ever. The first to adopt decimal pricing: Anadarko Petroleum, FedEx, Forest City Enterprises, Gateway, Hughes Supply, and MSC Software.
And only 20 years after 32 bit computers were available. One wonders what the difference would have been if AI of today were available to adjust to capabilities. I guess, though, the AI would need to "want" to "see" improvements. I wonder what the track of interoperability of investment data feeds was, time-wise.
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On this day in 2000, the New York Stock Exchange began trading in decimals,
ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar.
In theory, investors will benefit from lower trading costs, but cynics worry brokers will make
more money than ever. The first to adopt decimal pricing: Anadarko Petroleum,
FedEx, Forest City Enterprises, Gateway, Hughes Supply, and MSC Software.