version: "1.0.1" name: alpaca-broker-money-precision description: Handle money and numeric precision correctly with the Alpaca API — numbers-as-strings on the wire, decimals vs floats, rounding/truncation before sending amounts, fractional-share precision, and safe DB storage. Use when handling monetary amounts, order quantities, or prices in any Alpaca integration in any language.

Alpaca — Money & Numeric Precision

Financial bugs are silent and expensive. Alpaca's wire format and the realities of decimal arithmetic create a few specific traps. This skill is short, opinionated, and language-agnostic.

Read alpaca-broker-integration first for base URLs and auth (client-credentials Bearer token; legacy Basic still works).

1. Numbers come as strings — keep them that way

Alpaca returns prices, quantities, notional, and money amounts as JSON strings ("100.50", "1.5", "190.2345"), and accepts them as strings on the way in. This is deliberate: it avoids the precision loss of JSON's binary floats.

Rule: parse string money fields into a decimal type, never a binary float/double. Serialize back to a string. Don't let a number ever live as an IEEE-754 float in the money path.

Real-world caveat: not every Alpaca endpoint is consistent — some market-data numeric fields come as JSON numbers (e.g. bar OHLC). Prices for display/analytics can tolerate floats; money you move or store must not. Know which field you're touching.

2. Round/truncate before sending — and know the direction

Orders take up to 2 decimal places for `notional` and 9 for `qty` (Broker API FAQ; the order schema's "2 decimal points" on qty is stale). Journal amount has no documented precision limit — send cash at 2 dp anyway (§3).

Rule: explicitly round/truncate to the target precision before the API call, using a deliberate rounding mode.

• For money you're moving out / charging, truncate (round down) to 2 dp so you never move more than intended (e.g. floor(amount * 100) / 100). This is house policy, not an API constraint, and it applies to cash only — never truncate a share qty this way.
• Pick the rounding mode consciously (ROUND_DOWN vs ROUND_HALF_UP) — don't inherit whatever the default float formatting does.
• Carry full precision through the arithmetic and round once, at the boundary where the value is sent or displayed. Rounding intermediates compounds error.

# splitting a deposit across holdings — round each slice down, track remainder
slice = truncate(total * (pct / 100), 2)

3. Fractional shares

• notional takes 2 decimal places, qty takes 9. Round each to its own limit before sending.
• qty XOR notional — never both (see alpaca-broker-trading-orders).
• Don't reconstruct qty from notional / price and send it — pass notional and let Alpaca compute the fill. Round-tripping through a price you fetched introduces drift.

4. Storage

• Store money in your DB as fixed-point decimal, not float, with a scale at least as wide as the widest field you receive — scale ≥ 9 for qty, so the 9-dp fractional case can't silently truncate.
• Store what Alpaca sent verbatim alongside any converted/derived values. If you truncate to 2 dp for the API call but received more precision back, keep both — it makes reconciliation and audits possible.
• Keep an explicit currency column; Alpaca is multi-currency on some rails (funding wallet) even though most is USD.

5. Multi-currency notes

• Most Broker/trading flows are USD; journals default to USD.
• The funding wallet rail supports many currencies (USD, EUR, JPY, …) and carries FX fees. When you touch it, never assume USD — read and store the currency, and treat FX amounts as decimals end-to-end.

6. Checklist

• [ ] Money fields parsed from strings into a decimal type; serialized back to strings.
• [ ] No binary floats anywhere in the move-money path.
• [ ] Amounts rounded/truncated to the allowed precision before the call, with an intentional rounding mode (round down for outgoing money).
• [ ] Full precision carried through arithmetic; rounded once at the send/display boundary.
• [ ] DB columns are fixed-point decimal with scale ≥ 9; raw Alpaca values stored verbatim.
• [ ] Explicit currency tracked.

Related skills: order qty/notional rules → alpaca-broker-trading-orders; journal/transfer amounts → alpaca-broker-journals, alpaca-broker-funding-transfers; reconciling stored vs Alpaca values → alpaca-broker-reconciliation-idempotency.