The Lab

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In the context of the SBE schema, this means that attention must paid to the Exponent of the individual PriceNULL fields, since when necessary, Pip location is determined by reference to the difference between All-in and Fwd Pts exponents.  In particular, it is very important to ensure that quoted all-in rates are to the correct all-in precision.


Worked Example for EUR/USD - Pip location is the fourth decimal place:

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