Re:Get Ready to See Stock Prices in Half-Pennies
by Kon-Peki on Wednesday September 18, 2024 @02:29PM
(#41583698)
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.
At that point, IEEE754 floating point can start representing all quotes exactly, like they did in the old days.