In 2001 the nyse switched from a fractional pricing system


1. In 2001, the NYSE switched from a fractional pricing system (stock priced in increments of 1/8 of a dollar) to a decimal pricing system (stock priced in increments as small as 1 cent). Explain how this might encourage front-running by traders?

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Accounting Basics: In 2001 the nyse switched from a fractional pricing system
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