This math scares me
John W. Baxter
jwbnews at scandaroon.com
Thu Mar 15 09:03:53 CET 2001
In article <erRr6.659$lz1.20662 at ruti.visi.com>,
grante at visi.com (Grant Edwards) wrote:
> I believe that there are plans (on some exchanges) to switch
> pricing from base-2 fractions to decimal fractions.
There is a mixture right now on NYSE (not sure about NASDAQ). Some
issues fractions; some issues cents.
(I haven't followed government bonds for a while...are they still
reported as dollars and 32nds (per $100 face), with the 32nds
(meaning 16/32, or 50 cents)? That one is (or was) a little hard to get
By mid April, the conversion on NYSE and I think NASDAQ is supposed to
be complete...a bunch more issues convert any moment now.
John...whose old line brokerage firm in Ann Arbor arranged a floor visit
to the ASE. I had to tag along with the firm's floor broker. It
was--by accident--the perfect day: they were (almost) all dressed in
1920s outfits rather than the required smocks, in honor of a major
anniversary of the move of the American Stock Exchange to their indoor
quarters from outside (on "the Curb" literally) under a buttonwillow
tree. Fun!!! [My visit was in 1970 or so.]
John W. Baxter Port Ludlow, WA USA jwbnews at scandaroon.com
More information about the Python-list