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Icap To Decimalize Currency Pairs Pricing

Icap will roll out decimalized pricing on major currency pairs on EBS Spot on February 14.

Icap will roll out decimalized pricing on major currency pairs on EBS Spot on February 14, Risk.net reports, citing FX Week. Pricing in EUR/USD, USD/JPY, EUR/JPY, USD/CHF, EUR/CHF will shift to a tenth of a pip, bringing in accordance with market convention and leaving Thomson Reuters the only broker yet to do so.

In September 2010, Icap extended decimalized pricing to Australian dollar crosses. The decimalization will givetraders more competitive pricing over the platform and through aggregation systems.

Click here for the story from Risk.net.

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