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Jd007 · 18th June 2008, 10:47

the question is did they put their hands up and say our mistake, or did they stiff you. If it's the latter I would go elsewhere. If that's their policy for £1 a tick, imagine what it is when you get bigger!

A long time ago I used to be a big player on the Daily FTSE and hedge my risk with IG index, who were the tightest spread at the time. They had an internet based fill, but I was able to take advantage of this and effectively could turn their 4 tick bid/offer into a 3.25 tick bid/offer, by watching the actual FTSE futures contract. The last time I looked at the FTSE on IG they had a system which countered this, I forget what.

18th June 2008, 10:47	#3 (permalink)
Jd007 Goldmember Join Date: Oct 2002 Posts: 1,451	Re: Day trading the question is did they put their hands up and say our mistake, or did they stiff you. If it's the latter I would go elsewhere. If that's their policy for £1 a tick, imagine what it is when you get bigger! A long time ago I used to be a big player on the Daily FTSE and hedge my risk with IG index, who were the tightest spread at the time. They had an internet based fill, but I was able to take advantage of this and effectively could turn their 4 tick bid/offer into a 3.25 tick bid/offer, by watching the actual FTSE futures contract. The last time I looked at the FTSE on IG they had a system which countered this, I forget what.