:The euro was a notional currency from 1.1 . 99, with the old currencies being formally defined as odd multiples of it, however the physical notes and coins were not put into circulation until 1.1 . 02 .-- talk ) 23 : 16, 14 December 2006 ( UTC)
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A study issued this past spring by Vanderbilt University professor William Christie and Ohio State University professor Paul Schultz found that stocks rarely trade on Nasdaq at prices that include odd multiples of 1 / 8-- a possible sign of implicit collusion in maintaining spreads at 1 / 4 or greater.
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