I would encourage, though, that when one looks at whether decimalization is working, and I use it as a generalization, we want to be careful that one doesn't confuse a different market environment for the diminishment of liquidity versus the execution of the decimalization process.
Jon S. Corzine: “I would encourage, though, that when one looks at whether decimalization is working, and I use it as a generalization…”
Editor's note · Context
Corzine emphasizes caution in evaluating decimalization's impact on liquidity.
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