last S/B

tommac

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Been trying s/b for a little while with some success as an alternative to my usual thing.. Ok I give up-or is it me.? -screen price 1.5625 28 deal price 1.5619.(bid) thats an awfully big discrepancy . £60 away before we move.Not for the first time. Back to the real market for me.
 
Tommac, it sounds like they should have requoted you instead of filling you in that situation. Who are you using?
 
On this occassion it was IG. On the whole i`ve been happy with them but this seems to happen more with SB. Every time it seems like they nick a few points (not particular to IG). As an ex trader i`m aware that a point here and there is common but 5 or 6 on every other trade is surely taking the ***
 
Yes, I'd agree that that's excessive. Quite surprised by IG. If I were you, I'd give them a call and ask why you weren't requoted considering the price had moved significantly.
 
I'm not at all surprised that IG's traders could do that. I've found that regarding IG, the only way to teach them it seems is to take your business elsewhere; which for me was CMC for many years, until recently when I was frozen out of my account for several minutes after crude became particularly volatile, & manual execution wasn't causing me to lose enough paper. Shame really, because CMC's spreads generally beat everyone elses' hands down. Now thinking of opening an account with GFT...
 
Not sure what the answer is--you hear bad reports about all of them. Or MAYBE some posters on here are right about SB being just too skewed to use for serious trading.
 
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