Decimal Conversion 2000 Are the Markets Ready, Hearing Before the Committee of Commerce, U.S. House of Representatives

Congressional Bill H.R. 1053 required U.S. markets join the rest of the world & price stocks in decimals rather than fractions. Capital markets will begin trading stocks in decimals rather than fractions in July 2000. Decimal conversion will undoubtedly bring an increase in trafficÓ & there is concern whether there is enough capacity to handle the new flow of information being created by shrinking bid & offer quotes. It is vital to ensure that our system has the ability to handle conversion. Witnesses: Davi M. D'Agostino, Cody J. Goebel, & Jean-Paul Reveyoso, Financial Institutions & Market Issues, GAO. Charts & tables.Oxley, Michale G. is the author of 'Decimal Conversion 2000 Are the Markets Ready, Hearing Before the Committee of Commerce, U.S. House of Representatives' with ISBN 9780756716103 and ISBN 0756716101.