Post
Topic
Board Securities
Re: [BTC-TC] Virtual Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc.
by
burnside
on 22/07/2013, 03:12:45 UTC
I will be rolling out a change tonight that will limit any bid or ask order to a maximum of 4 significant digits.  What does this mean?  Here are some examples:

Bid           Becomes

10123.5    10120.0
1012.35    1012.00
101.235    101.200
10.1235    10.1200
1.01235    1.01200
0.101235    0.101200
0.0101235    0.0101200
Correct me if I'm wrong, but should the last 2 also be rounded?

Also, what about the stocks with very low prices like B.YAMBC, BTC-GOLD etc. 0.0003 or 0.0004 is a huge difference there. Maximum number of digits should be depending on stock price and not fixed.

Nevermind (fixed quote), so the 4 significant digits are counted after the first non-zero digit

I'd be happy, if you would announce major changes like this with a leadtime of 24+ hours and more visible in the future. Smiley
+1

BTW, does this also affect LTC-Global?

It will affect LTC-Global too, yup.

You're both right, for this one I'll wait until tomorrow (monday) ~2000 UTC to make the change.

Cheers.