Price-improvement. Ah yes – many of us have been conditioned to believe that the small executions with the many decimal places save us money. Many of you even receive emails from your execution vendors/brokers that break out the “savings” for you each day on trades executed through them. In our Friday note to you we detailed how Fred and Ethel, if they saved a tenth of a penny on a trade, would save a whole whopping pair of dimes on a $5,000 purchase. To put their savings in perspective,
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