SpotFX Versus FX Futures - Price Delta's?

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Ol'Newb

I have only traded SpotFX and am looking into FX Futures.

Live I am running MT4 using Oanda
I am using a Demo running MultiCharts/CQG using AMP

Am I missing something because the prices for Spot and Futures do not match even closely. For example: Spot GBPUSD = 1.29676 and Futures BP6Z18 = 1.2999. That is a 23 pip differnece between Spot and Futures.

Is that standard or am I all hosed up somewhere?

Thanks
 
FX futures price includes the interest rate differential and some other more esoteric stuff. So no, you're not "all hosed up"
 
sle said:
FX futures price includes the interest rate differential and some other more esoteric stuff. So no, you're not "all hosed up"
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That makes sense. Thanks for the response. I have never touched futures so there are some pretty basic things that I am learning right now.

Thanks.
 
Ol'Newb said:
That makes sense. Thanks for the response. I have never touched futures so there are some pretty basic things that I am learning right now.

Thanks.
More...
Forex futures aren't super complicated, less so than options, for example. So highly learnable with a good basic book on the subject and not too much in prior background or advanced math required, if you're interested.
 
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