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Jun 6, 2013 at 19:51 history edited John Bensin CC BY-SA 3.0
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May 31, 2013 at 18:35 comment added John Bensin @DilipSarwate It never occurred to me that the old NYSE system was based on the Spanish system. Apparently the switch occurred in 2001. Since I was ten at the time I don't have any practical experience with that trading system (I started using the stock market in '06).
May 31, 2013 at 18:10 comment added Dilip Sarwate The eighth of a dollar was often used in share prices in the stock market until fairly recently, e.g. "Yesterday I was down one and seven-eighths but today I am up two and a quarter"
May 31, 2013 at 17:23 comment added John Bensin @ghoppe I'd never heard the expression "two bits" to mean 25 cents (I've always just heard "two bit -something"). Thanks for pointing out the etymological basis for that and pieces of eight; I like the SE sites because I learn something new every day!
May 31, 2013 at 17:11 comment added ghoppe To further expand your historical note, that's also why 25 cents is "two bits" and you hear pirates talk of "pieces of eight".
May 31, 2013 at 16:40 history edited John Bensin CC BY-SA 3.0
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May 31, 2013 at 16:18 history answered John Bensin CC BY-SA 3.0