Securities Pricing: Trading Volumes and NASD System Limitations Led to Decimal-Trading Delay

[摘要] A letter report issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO examined the progress that the securities industry has made toward the implementation of decimal pricing for U.S. stocks, focusing on: (1) what were the specific reasons that the Nasdaq market was not ready for the July 3, 2000, implementation date and how the National Association of Securities Dealers', Inc. (NASD) decimal-trading preparations compared with those of the New York Stock Exchange (NYSE); (2) how the Securities and Exchange Commission (SEC) approached oversight of the securities industry's implementation of decimal trading and how this compared with its year 2000 oversight effort; and (3) what challenges remain regarding implementing decimal trading for the industry."

[发布日期] 2000-09-20 [发布机构] United States. General Accounting Office.

[关键词] Government accountability -- United States.;financial markets and institutions;economic development;business regulation and consumer protection;securities pricing