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The Sept. 11 attacks and the Nasdaq's conversion to decimal trading have hurt revenue.
Knight, a leading market maker on Nasdaq, has been hurt by the conversion to decimal pricing from fractions because the spreads between bids and offers has narrowed.
The large Nasdaq share dealer, the Knight Trading Group, said today that second-quarter profit dropped as the conversion to decimal pricing reduced income from trading.
Revenues were up 23% in 2001 to $424 million, but the conversion to decimal trading helped erode net income, which fell 22% to $64 million.
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"But he also fought us tooth-and-nail on some issues, like the conversion to decimals".
The machine worked internally in binary, but it was able to carry out the necessary decimal to binary and binary to decimal conversions for its input and output respectively.
You can adapt the "hexadecimal to decimal" conversion to convert any other base x numbering system to decimal.
Convert alphabetic characters to decimal.
In addition, you can convert numbers from binary to decimal or convert from decimal to binary.
For example let us convert 1010 to decimal.
Format Cells Number Number to decimal places 2, show comma.
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