Teenie

Long-term investment in stocks formerly involved the use of unit teenie that is one-sixteenth of a dollar.  

Nowadays traders may use the basic unit “cent” for investing in structured products.  

Historically, the investing solutions’ fractional minimum pricing was based on the use of silver pieces of eight coins which the American colonist would cut into 8 bits to make a change.  

Such a fractional quote system used figures like $10 ¾, however, in 2001, the US SEC mandated to convert exchanges into decimals.