Anyone spreading the currencies? I'm looking at trading the euro and swiss and the cross rate between them. I think the markets are too efficient for triangular arbitrage because of the automated trading going on. Also, if there are currency spreaders out there, what do you guys look at. And, why don't traders sell the currency futures and buy the currency cash, when we all know they will converge to the same price on the futures expiration. So today, the euro futures currency is about 50 ticks above the cash. If one would sell the futures and buy the cash, wouldn't you eventually make 50 ticks off the trade? What am I misinterpretting?