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How much ARe you paying?
- Thread starter enkidu
- Start date
What I would do is check your broker's spreads against what's offered in comparable futures contracts on the CME/IMM.
My bias is always towards open crossing markets. At least with such markets, the prices offered are guaranteed to be real (well, at least close to guaranteed, I think). Firms can theoretically "bait-and-switch" OTC contracts, although I have no idea how much of this actually goes on today, if any.
The fact that an ECN-like system hasn't developed for spot forex seems like an opportunity to me for the players in this space (NYSE ARCA, NASDAQ, BATS, CME....), especially on the seemingly successful make-rebate/take-fee model; but I'm probably missing something about the complexities of implementing such a market for spot forex.
My bias is always towards open crossing markets. At least with such markets, the prices offered are guaranteed to be real (well, at least close to guaranteed, I think). Firms can theoretically "bait-and-switch" OTC contracts, although I have no idea how much of this actually goes on today, if any.
The fact that an ECN-like system hasn't developed for spot forex seems like an opportunity to me for the players in this space (NYSE ARCA, NASDAQ, BATS, CME....), especially on the seemingly successful make-rebate/take-fee model; but I'm probably missing something about the complexities of implementing such a market for spot forex.