lol. the way i see it, if everyone takes their quotes from one place it is about as official as it gets. your point abt banks being able to make deals on currency not going thru Reuters is moot since i can make deals not going thru Nasdaq too.
OK I will try once more: Everybody does NOT take quotes from one place. For example eSignals forex quotes are aggregated from something like 200 places. Pretty spikey stuff, I have tried it. Trent
Maybe a better way to explain it: A listed stock is listed in for example Nasdaq and a futures contract is listed for example in CME. That exchange controls and regulates the product and how it is traded and gives out official quotes etc. Also, Nasdaq and CME are themselves heavily regulated by the government. Btw. also Nasdaq stocks are traded via many ECNs so in a sense the quotes for a stock do not come from one single place either. In the interbank market there is no entity regulating the product, comparable to Nasdaq or CME. There are meny ECNs and also banks and other participants deal directly with each other. Reuters does not have a role like Nasdaq or CME either. Well US session is about to start so I am definately of this time. Trent
hey hey thats true. trading is waiting! no idea why all those books says trading is exciting. how the heck do we trade for excitment? i even tried 1 min chart scalping and its slow-mo.