Get Ready to See Stock Prices in Half-Pennies(wsj.com)

1 pointsby JumpCrisscrossقبل سنتين2 comments

Get Ready to See Stock Prices in Half-Pennies

https://www.wsj.com/finance/regulation/get-ready-to-see-stock-prices-in-half-pennies-1f18321b

2 comments

Kon-Pekiقبل سنتين

A better plan would be to abandon the 2001 decimalization of the quotes and go back to base-2 fractions of dollars. Except allow the smallest quotes to be in either 1/128th or 1/256th of a dollar ($0.0078 or $0.0039).

At that point, IEEE754 floating point can start representing all quotes exactly, like they did in the old days.

boyesmقبل سنتين

https://archive.ph/Thg8z