2001-02-17
How does the Toronto Stock Exchange handle trading? Do they use penny
increments? Have they, do they experience the same problems as the NYSE?
And, how do/did they resolve it? What solution can TSE have for NYSE now
and NASDAC next month when they begin to change?
John
Keiner ist hoffnungsloser versklavt als derjenige, der irrtümlich glaubt
frei zu sein.
There are none more hopelessly enslaved then those who falsely believe they
re free!
Johann Wolfgang von Goethe (1749-1832)
----- Original Message -----
From: "Joseph B. Reid" <[EMAIL PROTECTED]>
To: "U.S. Metric Association" <[EMAIL PROTECTED]>
Sent: Saturday, 2001-02-17 12:22
Subject: [USMA:11099] Re: decimal stocks at 3 weeks
> 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
>
>
