Fractional Pip Pricing
New York - FXCM (http://www.fxcm.com/
Instead of quoting full pips, FXCM will now quote prices in tenths of pips. The digit representing a tenth of a pip appears to the right of the two large bold face digits:
“The Benefit is clear,” Drew Niv CEO of the forex broker stated, “Fractional pip pricing should reduce bid/ask spreads on all the more popular currency pairs.”
FXCM's policy is to provide clients with access to the very best spreads. FXCM introduced No Dealing Desk execution, and as one of the largest FDM’s*, FXCM has strong liquidity relationships with some of the world’s leading banks. We constantly press these banks to supply the most favorable prices to our clients.
As a result, the banks are now providing streaming six-digit prices to FXCM. While competition intensifies, Fractional Pip Pricing should reduce bid/ask spreads even further.
“FXCM is delighted to pass these more accurate, tighter prices to our clients” said Niv.
For full details on Fractional Pip Pricing view this video: http://forex.acrobat.com/
FXCM Facts
• Forex Capital Markets LLC is the Largest Forex Dealer Member**
• More than 90,000 live accounts are traded on the FXCM trading platform
• Over $200 billion in notional volume is traded each month on the FXCM trading platform
• FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
*Registered with the CFTC as a Futures Commission Merchant, (http://www.cftc.gov/
**As of September 2006, FXCM held in excess of $215 million in customer funds out of a total of over $770 million held by Forex Dealer Members. While there are approximately 31 active Forex Dealer Members with liabilities to customers of approximately $795 million, FXCM holds approximately 1 out of every 3 dollars of customer funds held by Forex Dealer Members.
*Source: http://www.nfa.futures.org/
# # # #
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
More Information:
Jaclyn Sales
jsales@fxcm.com
646-432-2463
Photo:
http://www.prlog.org/
