Inc. MAXM Maxim Pharmaceuticals, Inc. Inc. TEKS TekInsight. The Cobalt Group, Inc. FLIC The First of Long Island Corporation FRTG The Fortress Group, Inc. A. First, decimal prices are easier to understand. The securities industry and regulators have recently been engaged in a number of efforts to simplify the information that investors need to make informed decisions.
Decimal pricing is another.
It is also felt that decimalization will help U.S. markets remain competitive with exchanges in other countries, which already use decimals. This issue is especially important for foreign securities that trade in both their home market and on a U.S. exchange. There are slight disparities at times as the home and U.S. market prices in decimals are rounded off to fractions and vice versa. With decimals, this would no longer be the case, eliminating the adverse effects of arbitrage trading to capitalize on slight price differentials resulting from the use of fractions and decimals in different markets for the same stock. As a matter of fact, some newspapers already list prices in dollars and cents.