SpotFX Versus FX Futures - Price Delta's?

Discussion in 'Forex' started by Ol'Newb, Oct 22, 2018.

  1. Ol'Newb

    Ol'Newb

    I have only traded SpotFX and am looking into FX Futures.

    Live I am running MT4 using Oanda
    I am using a Demo running MultiCharts/CQG using AMP

    Am I missing something because the prices for Spot and Futures do not match even closely. For example: Spot GBPUSD = 1.29676 and Futures BP6Z18 = 1.2999. That is a 23 pip differnece between Spot and Futures.

    Is that standard or am I all hosed up somewhere?

    Thanks
     
  2. Is this a joke? Are we being punked?
     
  3. sle

    sle

    FX futures price includes the interest rate differential and some other more esoteric stuff. So no, you're not "all hosed up"
     
  4. Ol'Newb

    Ol'Newb

    That makes sense. Thanks for the response. I have never touched futures so there are some pretty basic things that I am learning right now.

    Thanks.
     
  5. Sig

    Sig

    Forex futures aren't super complicated, less so than options, for example. So highly learnable with a good basic book on the subject and not too much in prior background or advanced math required, if you're interested.