The fourth decimal place in a dealer's quote in the trade jargon is known as the

Name: The fourth decimal place in a dealer's quote in the trade jargon is known as the
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The fourth decimal place in a dealer's quote is known as a pip. The term pip (short for "percentage in point" or "price interest point") is commonly used in currency trading to represent the smallest movement or change in the price of a currency pair.

The Fourth Decimal Place in a Dealer's Quote in the Trade