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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1 why might otc derivatives be considered more risky than exchange-traded
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