Different companies:different quotes

Two friends of a friend each use a different SB Company (don't ask me which, 'cos I don't know ) and they were startled to find a difference in quotes between the two. The difference ran at 2/3 points on rolling ftse and 6/10 points on rolling dow.

They want to know which SB Company sticks the closest to the underlying (not that there is an underlying since most, I think, have some algorithm with the futures).

I said I'd ask the assembled might of T2W :cheesy:

cheers

jon

Hi Jon --- I trade mainly ftse and in my experience World Spreads are usually pretty close to the actual future price most of the time.

Capital spreads on ftse cash imo are all over the place and are out by quite a few points often,it can be very frustrating. Hope this helps and kicks off your thread.

barjon said:

Two friends of a friend each use a different SB Company (don't ask me which, 'cos I don't know ) and they were startled to find a difference in quotes between the two. The difference ran at 2/3 points on rolling ftse and 6/10 points on rolling dow.

They want to know which SB Company sticks the closest to the underlying (not that there is an underlying since most, I think, have some algorithm with the futures).

I said I'd ask the assembled might of T2W :cheesy:

cheers

jon

Click to expand...

I'd rather know which ones are the farthest away as it looks like a solid arb opportunity to me!

barjon,
the difference could be down to the underlying basis for the quote; "daily" bets are based on the cash. If comparing cash quote at one SB with future based quote at another, this could account for the difference.

Not too many SB punters would know the difference.

Arrrrrrr very wide spreads

barjon said:

Two friends of a friend each use a different SB Company (don't ask me which, 'cos I don't know ) and they were startled to find a difference in quotes between the two. The difference ran at 2/3 points on rolling ftse and 6/10 points on rolling dow.

They want to know which SB Company sticks the closest to the underlying (not that there is an underlying since most, I think, have some algorithm with the futures).

I said I'd ask the assembled might of T2W :cheesy:

cheers

jon

Click to expand...

Hi Jon

Do not want to go on one because don"t bother much with them anymore unless its mad thoughts trading account

Used to have a number of accounts and you will find quite often that the spreads run perfect side by side making it back to the old 4 or even 6 pt spread ftse

On the Dow it can be even worse to the point where

Its bloody cheating imho regards intra day trading if your wet behind the ears

Found IG pretty close, and since move to Da when I have bothered to look they have been pretty close (Dow) but not an exaustive study by any means

Found the other ones tended to bias inside IG price depending on how they see it

1 pt spreads a complete con if they do not mark the highs or only for a nano second then reject you anyhows and that is the norm in my experience with all of them

Stick to swing trades or at least method that goes for +15 pts minimum and out on at least the 15 min tf with stops over the hours if possible.

Latter:clover:

thanks, guys, i'll let them know.

i've never given it a thought since i don't bother with sb 'cept for a little fun account (which my son has just emptied "trying this easy way to make money" whilst immobile with a damaged knee :cheesy

good trading

jon

Have Fun

Jack o'Clubs said:

I'd rather know which ones are the farthest away as it looks like a solid arb opportunity to me!

Click to expand...

try e-trade but do not expect to get filled if your right for any size, then do not expect to stay connected long :cheesy:

Have Fun

I've captured the last 3 FED Meetings by comparing quotation of different CFD brokers.
I could do the same with Spread betting Companies if you are interested in.