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Old Oct 27th, 2012, 01:59 PM   #1
OnClose
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Join Date: Nov 2010
Location: Indian Wells, CA
Posts: 578
http://online.wsj.com/article/SB1000...495541260.html

I've traded with both and prefer decimals, what is your opinion fractions or decimals?
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Old Oct 27th, 2012, 03:01 PM   #2
vicirek
 
 
Join Date: Dec 2011
Posts: 554
Other than creating a mess it will change nothing.

Lowes increment for retail was 1/16. Market Makers and those with direct access traded in 1/32 and 1/64. I do not remember exactly but I thing I have seen 1/128 and maybe 1/264 fractions which is sub-penny trading.

Anyway I will have to dig out my old function converting decimals to fractions for order submission. Funny.

SEC official job is to regulate market to be fair and transparent for all participants and not protect Wall Street firms and creating revenue stream for them by increasing spreads.
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Old Oct 27th, 2012, 03:14 PM   #3
OnClose
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Join Date: Nov 2010
Location: Indian Wells, CA
Posts: 578
Quote:
Quote from vicirek:

Other than creating a mess it will change nothing.

Lowes increment for retail was 1/16. Market Makers and those with direct access traded in 1/32 and 1/64. I do not remember exactly but I thing I have seen 1/128 and maybe 1/264 fractions which is sub-penny trading.

Anyway I will have to dig out my old function converting decimals to fractions for order submission. Funny.

SEC official job is to regulate market to be fair and transparent for all participants and not protect Wall Street firms and creating revenue stream for them by increasing spreads.
Yeah the smallest I ever traded was 1/16, I've never seen 1/32, 1/64, 1/128 or 1/264. If those are possible I guess fractions aren't the way the SEC will try to curb HFT.
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Old Oct 27th, 2012, 03:39 PM   #4
Cdntrader
 
 
Join Date: Mar 2001
Posts: 3,651
Quote:
Quote from OnClose:

http://online.wsj.com/article/SB1000...495541260.html

I've traded with both and prefer decimals, what is your opinion fractions or decimals?
just got to pennies. Sub pennies was just dumb. fractions..just dumb.

Throw on some 100 millisecond speed limit and your done.

Is like hard? More studies, more discussion, more reviews. SEC idiots.
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Old Oct 27th, 2012, 03:39 PM   #5
mutluit
 
 
Join Date: May 2011
Location: Germany
Posts: 269
Quote:
Quote from vicirek:
SEC official job is to regulate market to be fair and transparent for all participants and not protect Wall Street firms and creating revenue stream for them by increasing spreads.
SEC follows orders from a foreign power. Just look who's the chairman of the SEC... All key positions in America are infiltrated by these foreign people.. Their interest is to destroy America to profit big from the choas they themselves architect and orchestrate...
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Old Oct 27th, 2012, 03:43 PM   #6
niceneasy
 
 
Join Date: Dec 2005
Posts: 752
this is a cry for help for flagging trading volumes. the robots are giving money back and forth to and from eachother the same way scalpers were years back before that strategy washed out. sounds like the hope is to bring back some nostalgic daytraders and wider spreads.
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