EBS chases competition with decimalisation launch

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The Icap-owned platform plans to take pricing out to tenths of a pip, bringing it in line with rival systems. Electronic communications network Hotspot FX, for example, launched trading in tenths of a pip in 2007, saying it "enables clients to fine-tune their passive bidding/offering strategies and banks to optimise their market-making algorithms."

However, there is concern the drop in profitability for market-makers might lead to a fall in liquidity. "There's a long-standing, unsettled debate

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