To become more compatible with overseas markets, the U.S. securities industry is considering a plan to convert equities and options from fractions to decimals in three phases starting in July.

In Phase 1, to take place July 3 through Aug. 4, 30 to 40 securities will trade in increments of a nickel. In Phase 2, from Aug. 7 through Sept. 29, all securities will begin trading in nickel increments. From Oct. 7, all securities will trade in penny increments.

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