Why do some broker/dealers offer the 5th decimal pricing while others don’t?
For some broker / dealers trading platforms offering the 5th decimal point can tighten the spread between the bid /ask prices of a currency pair. However, spreads may widen in rapid market and in extreme volatile conditions. Others may not offer it just to simplify the trading process and for the clients trading convenience. Some other broker do not offer this just to simplify transaction records for the clients. This is equally important for short term traders who normally get in and out with just a few pips to their credit. Scalpers are well known for this practise.
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