It wasn't the BWMA making the claim but a poster to the site. I think he
meant vulgar fractions, as most people don't think of decimals as fractions.
Is there a possibility that even though they may express figures in decimal
format, the increments are decimal equivalents of decimalized vulgar
fractions?
Dan
----- Original Message -----
From: "David King" <[EMAIL PROTECTED]>
To: "U.S. Metric Association" <[email protected]>
Sent: Saturday, 2005-10-08 18:55
Subject: [USMA:34770] Re: Stock exchanges
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
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