NYSE "teenies"

[Bapopik at AOL.COM]

   From the DAILY NEWS EXPRESS (rush hour freebie version of the newspaper),
27 November 2000, pg. 14, col. 1:

_A new market language_
(...) A teenie is trader jargon for 1/16 of a dollar, or 6.25 cents.
(Col. 2--ed.)  The term "teenies," for example, dates back to 1997, when the
exchanges began trading stocks in increments of 1/16 for the first time.
"Three sixteenths" quickly became "three teenths" and then "three teenies."
   But "teenies" are meaningless in decimal trading, where stocks can be
traded in 1/100th--or penny--increments, so now traders have to find a new
vocabulary that maximizes (Col. 3--ed.) efficiency without compromising
accuracy.

(Actually, while "teenies" shows up on the Dow Jones database frequently from
5-5-97, there's a BARRON'S 1-27-92 hit and a SF EXAMINER 2-2-93 hit as
well--ed.)