Transition to higher price precision quotes
15:01 28 January /2014 Trading terms
Dear customers and partners
TenkoFX constantly seeks to improve the competitiveness of our financial products and overall customer service. We would like to inform you of an upcoming implementation of higher price precision quotes. Until today our price feed was based on 5(3) digit precision on “Major” (highly liquid) currency pairs only. Starting from the 3rd of February 2014 we will be offering 5(3) decimal place price precision on ALL currency pairs. We truly hope that these measures set a sound foundation for spread narrowing and better client order execution.
* Price sensitivity and 1 pip value changes 10 times.
* All open positions and pending orders will be adjusted to new convention without an impact on the P&L (profit/loss).
* While submitting «Buy Limit», «Sell Limit», «Buy Stop», «Sell Stop» and especially «Trailing Stop Loss» orders. For instance, if you BUY EURUSD at 1.36000 and set a Stop Loss order at 1.36500, the size of your Stop Loss would count for 500 new pips.
* Customers using automated trading algorithms should pay particular attention to adjusting the programming code accordingly.
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