A first pilot of 14 Nasdaq stocks and one OTCBB security was carried out according to plan on March 12, 2001. A second pilot conversion to decimals, with an additional 177 issuer companies and their associated 199 securities, was implemented successfully on March 26, 2001.
The conversion by Nasdaq® to decimals is governed by the Decimals Implementation Plan For the Equities and Options Markets that was submitted to the Securities and Exchange Commission (SEC) on July 24, 2000.
For more information on Nasdaq’s decimalization plan, visit the Nasdaq Newsroom at www.nasdaqnews.com, then click on Decimalization Q&A.
The Nasdaq Stock Market lists nearly 4,700 companies, has a larger dollar volume, and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.
