Re: Email from Igindex
Yes, that is true, but to put his comment into the correct context I think that he was trying to say that they were making their price using other markets due to the fact that the actual underlying market was closed. More commonly called a 'grey markets', spreadbetting firms will make certain markets 'out of hours' when the underlying futures are closed. The most common one is FTSE which is quoted by many firms on a 24 hour basis.we were acting as market makers.
Isn't that what SBs do all the time... 'the client trades our prices', blah, blah,etc??