Basically there's something called InterBank system where the big boys quote their bids and offers. The spreads are real tight there. Now our retail spot dealer takes those spreads, tacks on a bit of a mark-up, wolla you get the 3 point spreads that they all seem to hype. When you place an order with them, they basically make money off riskless arbitrage between their wider spreads and the tighter spreads at the Interbank market. Like Interbank spread, is 5x6, and dealer's spread is 4x7. So when you buy, they buy the currency at 6 and immediately sell it to you at 7: +1 in profit. Correct?