Thomson Reuters reduces price granularity in three currencies
Thomson Reuters has reduced the granularity in which three of its core currencies – the Mexican peso, South African rand and Russian ruble – are priced on the Thomson Reuters Matching platform, as it seeks to tackle disruptive behaviour and improve the experience of users.
Under the new pricing convention, the minimum tick size for those three currencies has been increased from one pip to five pips, meaning the last decimal has to be quoted either as a zero or a five. The change, which was
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