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Understanding Decimal Placement in Financial Markets

February 25, 2025February 27, 2025Jake Black

  You can see that here the price is given as 971.20, and in pennies and pounds, it’s actually 9.71. This can be confusing for beginners. Is the Decimal Always Moved by Two Places in This Manner? No, the decimal placement isn’t always moved by two places, and it’s not exclusive to Interactive Brokers, options,...

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