EBS ditches decimals as part of platform overhaul

Gil Mandelzis at EBS
Gil Mandelzis, EBS

Interdealer broker Icap is to shift pricing convention on its EBS platform to half pips and full pips for major currency pairs, putting an end to the controversial move to decimalisation (tenth-of-a-pip pricing) it enacted in March 2011, EBS announced today.

The decision to move away from decimalised pricing is part of a wide-ranging set of changes to EBS that have been drawn up by the platform's new management team, following extensive consultation with clients. Twelve core currency pairs will

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