The changes will be minimal. An investor's overall investment strategy should remain the same. However, some procedural aspects of investing will change. Investors will have to get used to placing orders and receiving executions in decimals instead of fractions. And the quotes they get from brokerage firms, whether electronically or through an investment professional, will all be in decimals.
Many investors already receive account statements with fractions converted to decimals.
Once decimal pricing is fully implemented, all prices in trade confirmations and statements will be in decimals. MPV is the minimum amount by which the price of a security can change. In contrast, when stocks trade in penny increments, the number of price points per dollar is 100, meaning there are narrower changes in price increases and declines. Some analysts conclude that a smaller MPV will result in narrower spreads because there are more price points in buying and selling stocks or options. If a person were a buyer of stocks and the spread is .01, an investor would pay 45.31 per share instead of 45.312.