Best Practices

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Ticks, Pips and Bips

Best Practices

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Finance is full of unique terminology. In this piece, Tom and Tony discuss the terms frequently used in reference to quoting conventions including ticks, pips, and bips.

Ticks refer to the minimum price change amount, pips refer to the fourth decimal place change in currency pairs, and bips refer to 0.01% movements in rates.

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