Barclays Capital introduces additional decimal places

Barclays Capital has introduced additional decimal places across its e-FX products.

First Published by e-Forex News: April, 2005

Barclays Capital has introduced additional decimal places across its e-FX products. Precision pricing is a pioneering move designed to reflect prices more accurately and will give clients more flexibility on pricing decisions. Where previously all banks were making the same spread, Barclays Capital will now be able to shade prices by increments of a pip. The extra decimal place will be represented as a small figure for clarity. The firm will also be using these prices on multibank portals and FIX API connections which will be switched on as and when the channels allow this format. The currency pairs included in Precision pricing include EUR/USD, GBP/USD, EUR/GBP, USD/JPY, EUR/JPY, USD/CHF and EUR/CHF.<br>