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Comparative statement of the different plans of decimal accounts and coinage which have been proposed by the witnesses examined before the Committee of the House of Commons, and others. Paper prepared for the statistical section of the British Association for the Advancement of Science ... With a compendium of the scheme of Pounds, Florins, Cents and Mils, and the scheme of Pounds, Tenpennies, and Pence ... an abstract of the discussion; and “Observations of a Merchant” on the statements of the Chairman of the Committee, Mr. Brown, M.P., and Professor de Morgan, in the proceedings of the “Decimal Association.”

Theodore William Rathbone

Published: 1854

Total Pages: 132


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Examines the progress that the securities industry (SI) has made toward the implementation of decimal pricing (DP) for U.S. stocks. The U.S. equity markets are the only major equity markets that still use fractional pricing. Some have projected significant savings to investors following implementation of DP. This report addresses these questions: what were the reasons that the Nasdaq market was not ready for the July 3, 2000, implementation date & how NASD's DP preparations compared with those of the NYSE; how SEC approached oversight of the SI's implement. of DP & how this compared with its Year 2000 effort; & what challenges remain regarding implementing DP.