Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
Part of EBS's plans to take out high frequency traders.
As we reported two months ago as being in the planning stages, ICAP-EBS today confirmed that it is going to half-pip pricing (from decimal pricing) for most major FX pairs. The changes will be effective as of Monday, September 17.
This appears to be the first major move to be made by newly-installed EBS CEO Gil Mandelzis, to repair EBS's relationship with its core group of bank clients, while at the same time making it more difficult for high frequency traders to maintain a trading advantage.
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ICAP EBS Goes To Half-Pip FX Pricing To Placate Big Banks 0 comments
Part of EBS's plans to take out high frequency traders.
This appears to be the first major move to be made by newly-installed EBS CEO Gil Mandelzis, to repair EBS's relationship with its core group of bank clients, while at the same time making it more difficult for high frequency traders to maintain a trading advantage.
For more details see LeapRate's Forex Industry News at leaprate.com.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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