Are Forex prices quoted with Fractional Spreads?

[sprtrader]

Hello, I am new to Forex trading, and I had a question about how Forex prices are quoted in eSignal.

I know that some Forex brokers offer fractional spreads where they add an extra digit to the price.

Does eSignal do that too?

Thanks.

[ScottJ]

Most contributors/brokers report in 4 decimal places (1.0023). A few have started to report in 10th's of a PIP so you'll see 1.00235 (5 being 1/2 a pip).

We are still showing the composite symbol with 4 digits (full PIP's) but you can see 10th's of a PIP by using the
broker-specific symbol. As the popularity of this higher resolution increases, you'll see us make a switch and start showing the composite in 5 digits.

Hope that helps.

[sprtrader]

thanks for the explanation ScottJ. I really appreciate that.

btw.......it is my understanding that there are no "Last" prices in Forex......only Bid/Ask prices.

If that is the case....then how does eSignal chart Forex data if there is no Last price?

thanks again.

[ScottJ]

No problem, happy to help.

Another good question, btw.

You are right that our indicative forex pricing includes bid/ask updates only. So the data can be charted, we map the bid price to the last field.

Thanks.