SEC's Cox wants options quoted in pennies

06/8/2006 | NYTimes.com · InvestmentNews (free registration)

SEC Commissioner Christopher Cox called upon six options exchanges to begin quoting a limited number of options in pennies rather than nickels and dimes. The move would align options with stocks, which began trading in penny increments when stock exchanges abandoned the fraction system in 2001.

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NYTimes.com · InvestmentNews (free registration)

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