Thomson Reuters switches to 25 pip pricing in Russian ruble

Move comes less than a year after increasing minimum tick size to five pips

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Phil Weisberg, Thomson Reuters

Thomson Reuters Matching is introducing a 25 pip minimum tick size for Russian ruble trades, against the dollar and the euro, less than a year after the platform operator launched a minimum tick size of 5 pips on those pairs, according to an email sent to customers on Monday and seen by FX Week.

The changes will be effective from April 28, after which only values of 00/25/50 or 75 will be valid in the system, according to the email. The so-called quarter kopek pricing reduces price granularity

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