Re: RFC : Correcting some problems in rounding/number handling

[Richard Wackerbarth]

On Fri, 07 Jul 2000, Hendrik Boom wrote:
> > I don't think there is one; the _arguable_ counterexample would be the
> > situation where a market changes "denominations," but that may also be
> > argued to redenominate the commodity, which means it's not really the
> > same commodity anymore...
> > --
>
> When I owe someone 12 1/2 shares of some security on a futures contract
> and the exchange redenominates to decimal, he is likely to accept
> 12.5 shares instead.  It really is the same commodity.

No, you are exchanging 25 half shares for 125 tenth shares.

What if the amount were 3/64 of a share? How many hundreth shares do you want?


PS: The shares are worth One Billion Dollars US

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