GMO Click Securities, the Japanese online trading services provider that is a part of GMO Click Holdings Inc (TYO:7177), today announced pending cuts to spreads on a couple of the most popular currency pairs – EUR/USD and GBP/USD.
The spread on EUR/USD will be reduced from its current level of 0.5 pips to 0.4 pips, whereas the spread on GBP/USD will be axed from its present level of 1.1 pips to 1.0 pips.
The changes are effective from February 8, 2016 and will last (at least) until March 4, 2016.
The launch of the spread reduction campaign is set to coincide with the rollout of the upgraded OTC FX platform FX Neo. The upgraded platform is set to secure improved execution speed and support for new trading instruments.
The announcement on the spread reduction can be viewed by clicking here.