Prices on the NYSE were once quoted in units of of a dollar (or $.125). Why

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Prices on the NYSE were once quoted in units of £ of a dollar (or $.125). Why would a change to smaller price increments be expected to increase opportunities for price improvement?

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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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Question Posted: Mar 16, 2016 02:45 AM

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Prices on the NYSE were once quoted in units of of a dollar (or $.125). Why

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Fundamentals of Investments

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