Defining a Pip Currencies are quoted using 5 significant digits. The last digit, called pip, represents the smallest potential move in an exchange rate, and is very similar to ticks or points in other financial instruments. In the example below, a 10 pip increase in the Ask price would result in a quote of 1.2287. Similarly, a 10 pip decrease in the Ask price would result in a price of 1.2267. Half-pips are a recent development that allows investors to tighter spreads and more competitive pricing guides and transparent. When trading foreign exchange, the value of a pip is dependent on two variables - the amount of currency and the currency pair. EURUSD $ 10.00 USDCHF USD 8.00 USDJPY

USD 9.06 GBPUSD $ 10.00 USDCAD USD 7.92 AUDUSD $ 10.00 EURCHF USD 8.00 EURJPY USD 9.06 EURGBP USD 17.98 What is Spot? A spot FX trade is an immediate execution of one currency against another currency at an agreed rate, settlement of which one to two business days. Pro offers spot trading prices in real time in more than 150 crosses, with deep liquidity in most of the pairs. In the module FX Trade, if the Bid / Ask fields are green, the platform is to provide real-time prices. What is a Forward Outright? A Forward Outright is a business that gets a date agreed in the future, usually more than 2 days. There is no standardization of business and business is conducted in the stock so that often customized to suit the interests of the buyer and seller. Forward Outrights are expressed as a price above the spot (premium) or below (discount). The forward price is the sum of the spot price with What is Spot? A spot FX trade is an immediate execution of one currency against another currency at an agreed rate, settlement of which one to two business days. Pro offers spot trading prices in real time in more than 150 crosses, with deep liquidity in most of the pairs. In the module FX Trade, if the Bid / Ask fields are green, the platform is to provide real-time prices. What is a Forward Outright? A Forward Outright is a business that gets a date agreed in the future, usually more than 2 days. There is no standardization of business and business is conducted in the stock so that often customized to suit the interests of the buyer and seller. Forward Outrights are expressed as a price above the spot (premium) or below (discount). The forward price is the sum of the spot price with the check tag swap.