Decimalization involves making quotes in the equities markets in units of 1 cent ($0.01) rather than in units of one-eights of a dollar ($0.125).

Question

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Decimalization was implemented in the equities markets in the United States in 2001, replacing the previous system of quoting stocks in one-eighth of a dollar increments with quotes in units of one cent. This change increased transparency and price accuracy for investors.

Decimalization Involves Making Quotes in the Equities Markets in Units