All shares in the UK use decimal fractions, not vulgar fractions, and
have done so for several years.
If you look at the London Stock Exchange website, at
www.londonstockexchange.com, there are no vulgar fractions that I can see.
Also the Bank of England base rate I have only seen in decimal
fractions, not vulgar fractions. Maybe many years ago it was not
decimal, but at the moment it is decimal. The BWMA do not have correct
facts if what you say is true. Although you did say that they use
fractions, so that is true, because they use decimal fractions. But I
think you meant vulgar fractions, which they do not use.
Certainly in the many financial-related documents that I work on every
week, I have yet to see any share price quoted using a vulgar fraction.
I work for a major international bank in the City of London.
David King
Buy UKMA's report "A Very British Mess" ISBN 0750310146
http://www.ukma.org.uk/Docs/pubs.htm
Avoid confusion with conversion, just learn to think metric!
http://www.thinkmetric.org.uk
Daniel wrote:
I thought when the New York Stock exchanges converted from fractions
to decimals a few years ago, they were the last to convert. A poster
to the BWMA said the following three still use fractions. Can anyone
verify this?
To name a few:
1) London Stock Exchange
2) Bank of England Interest Rate
3) Chicago Board of Trade
Dan
