I have a question regarding Market Makers in particular. I have seen that in some instances some different platforms quote slightly different rates. As I follow prices on news feeds as well, it is very easy to see which platform is quoting closest to the market. Can anybody give me a reason for this?
Nadine said:
You have to keep in mind that the Forex market is not a formal exchange like the NYSE or the London Stock exchange. This means that the platforms have to set their deal off against their individual banking partners and try to quote as close to the market as possible. Also not all the rates on the news feed is deal able rates which also causes some differences in the prices quoted by platforms. On www.forextraderengland.com there is a nice explanation on how this works
