Hotspot FXi adds fully Decimalized pricing
Hotspot FXi has introduced Precision Improved Pricing (PiP) full decimalization to its ECN platform.
First Published by e-Forex News: July, 2007
Hotspot FXi has introduced Precision Improved Pricing (PiP) full decimalization to its ECN platform. The ECN now enables market participants to enter orders and trade in one-tenth of a conventional pip for more precise trade executions, supporting bank market makers and clients who seek a finer pricing mechanism. Price improvement in smaller increments can lower transaction costs while improving trade fulfillment rates. <br />
Full decimalization is supported in Hotspot FXi’s standard trading interface and API as well as in its TradeView FX interface, which enables traders to monitor the market and trade in their preferred dealing quantities. Full decimalization replaces half-pip pricing, which Hotspot FXi introduced in 2005.<br />