Icap to launch decimalised pricing on majors in February
Interdealer broker Icap will launch decimalised pricing on major currency pairs on EBS Spot on February 14, the broker told FX Week.
Pricing in EUR/USD, USD/JPY, EUR/JPY, USD/CHF, EUR/CHF will move to a tenth of a pip, bringing it in line with market convention and leaving Thomson Reuters the only broker yet to do so. Icap first embarked on the initiative in September last year, when it extended decimalised pricing to Australian dollar crosses (FX Week, July 26, 2009).
David Rutter, deputy head of the electronic broking business at Icap in New York, said the move is aimed at giving traders more competitive pricing over the
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