John asked in USMA 1088:
>I had also read similar articles in the Wall Street Journal and the
>Cleveland Plain Dealer (AP report) over the past few days. The question
>that comes to mind, is how are stocks traded in other countries that have
>been decimal from the git-go and how do they get around the problems
>experienced here? I can't help wonder why Americans have so much trouble
>doing things that are normal and logical.
The Globe and Mail reports NASDAC in 16ths, but other stocks in decimals.
That includes Toronto, London, Hong Kong, Sydney, Johannesburg, Frankfurt,
Brussels, Milan, Paris, Zurich, Amsterdam, Stockhom, Madrid, and Mexico
City. The yen is so small that Tokyo does not need fractions, whether
decimal or binary.
Joseph B. Reid
17 Glebe Road West
Toronto M5P 1C8 Tel. 416 486-6071
