RBC to roll out decimalisation on FX Direct
Since then, it has been replicated across a number of ECNs, most recently FXall (FX Week, November 1, 2010). Interdealer broker Icap also plans to launch decimalised pricing on major currency pairs on EBS Spot on February 14 (FX Week, January 10). Market-makers agree it is a crucial step forward for the industry, and that platforms that don’t offer it will feel the effects.
“If you don’t have fractional pricing, traders will search for venues that do. Now that EBS is offering decimalisation it
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