I've heard "a quarter point" being used for both shares and interest rates.
I'm not sure if that's a "vulgar" fraction or not - to be honest I never get
an attraction thing with how beautiful numbers are.
It might be worth pointing out that creating a psuedo-hostility between
decimal notation and fractions and pretending it has something to do with
metric and imperial is usually the last resort of either side to win a
pointless argument.
From: David King <[EMAIL PROTECTED]>
Reply-To: [EMAIL PROTECTED]
To: "U.S. Metric Association" <[email protected]>
Subject: [USMA:34770] Re: Stock exchanges
Date: Sat, 08 Oct 2005 23:55:45 +0100
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
