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Foreign Exchange
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GBP/GBX/GBp
Corwin Yu / Credit Suisse
6 Jul 2006 8:54AM ET All,
This is not a FOREX question, but somewhat related. What is the proper code/process for handling London/SETS equity trading when sending orders for instruments denominated in pounds vs pence?
For example, if a client sends an order in GBP and the current instrument they are bidding for is in pence (GBp/GBX), do we normalize, or reject? And is GBp the proper code for pence, or is it GBX? I realize this may be a best practice question, I am just looking for insights.
Regards,
Corwin Yu
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