ORIONS Money Stocks

[Kurupt]

A significant change on its way for stock trading could bring nickels and dimes from heaven for smaller companies.

After 12 years of trading stocks in penny increments, a proposal is afoot to change the system so that firms with market capitalizations less than $750 million could be listed in nickel and perhaps even dime or quarter increments.

Advocates see the proposal—pushed both by major exchanges and in a recent letter Citigroup sent to regulators—as increasing liquidity in the lesser-traded names. Since the market switched to decimal trading in 2001—away from fractions—market makers have stayed away from the smaller



http://www.cnbc.com/id/101194379