why there are so many spikes in the chart?

Discussion in 'Trading' started by ADX_trader, Jan 8, 2003.

  1. I asked this question before, but no one bothered to answer. Can anyone tell me why there are so many spikes in the chart? In the chart, one spike hit 1.6200 but I find that there is not recond of such trading at this price.

    This is the chart of GBP/USD.
     
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  2. JayS

    JayS

    This happens a lot on FX charts because so many banks and institutions contribute to most feeds you have these outlier (errors) quotes.

    Below is the banks and institutions eSignal gets from their provider GTIS. Sorry it takes up so much room.


    _________________________________________


    ABAA
    ABN Amro, Amsterdam

    GE
    ADP/GTIS, London

    GT
    ADP/GTIS, New York

    GART
    ADP/GTIS, Tokyo

    AD
    Allied Irish Bank, Dublin

    AM
    Akmos Trade, Moscow

    AN
    American International Group, New York

    ASAT
    Asahi Bank, Tokyo

    AB
    Australia New Zealand Banking Group, Sydney

    AXIP
    AXIME-Scope Software Provider

    BI
    Banco Commerciale Italiana, London

    BESP
    Banque Escompte

    BE
    Banco Espirito Santo e Comercial de Lisboa, London

    BK
    Bangkok Bank

    AS
    Bank of America, Singapore

    AT
    Bank of America, Tokyo

    BKCH
    Bank of China, Hong Kong

    BW
    Bank of New Zealand, Wellington

    BAIP
    Banque Indosuez, Paris

    BAIS
    Banque Indosuez, Stockholm

    BX
    Banque Nationale de Paris, Hong Kong

    BP
    Banque Nationale de Paris, New York

    BS
    Banque Nationale de Paris, Singapore

    NP
    Banque Nationale de Paris, Sydney

    BPAP
    Banque Paribas

    BN
    Banque Worms, Hong Kong

    BL
    Barclays Bank, London

    BART
    Barclays Bank, Tokyo

    BC
    Barclays Bank, New York

    BDBP
    BIP-Dresdner Bank

    BNPP
    BNP Finance

    BBAA
    British Bankers Association

    BTMT
    BTM Bank, Tokyo

    CDDP
    Caisse des Depots, Paris

    IT
    Canadian Imperial Bank of Commerce, Toronto

    CMSN
    Capital Market Services, New York

    CJ
    Cariplo Bank, NYC

    CI
    CCM International, New York

    HT
    Chase Manhattan Bank, Tokyo

    KL
    Chemical Bank, London

    KN
    Chemical Bank, New York

    CMBT
    Chuo Mitsui Bank, Tokyo

    CD
    Citibank, Dublin

    CF
    Citibank, Frankfurt

    CK
    Citibank, Hong Kong

    CL
    Citibank, London

    CN
    Citibank, New York

    CG
    Citibank, Singapore

    CS
    Citibank, Sydney

    CT
    Citibank, Tokyo

    CO
    Citibank, Toronto

    CBAL
    Commonwealth Bank of Australia, LDN

    CB
    Commonwealth Bank of Australia, Melbourne

    MT
    Commonwealth Bank of Australia, Sydney

    CFKS
    Consensus FK, Stockholm

    CPRP
    CPR Intermediation

    CAGP
    Credit Agricole, Paris

    CCOP
    Credit Commercial

    CC
    Credit Commercial de France, Hong Kong

    CICP
    Credit Industrial et Commercial

    CRLP
    Credit Lyonaiss, Paris

    CZ
    Credit Suisse, Zurich

    CH
    Currency Management Corp.

    CM
    Currency Management Corp, London

    GF
    DG Bank, Frankfurt

    DS
    Dah Sing Bank, Hong Kong

    DAEL
    Daiwa Europe, London

    DH
    Dao Heng, Hong Kong

    DEBP
    Den Danske Bank, Copenhagen

    DO
    Den Norske Bank, Oslo

    DEUT
    Deutsche Bank, Tokyo

    DKBT
    DKB Bank, Tokyo

    AF
    Dresdner Bank AG, Frankfurt

    EPFS
    Erik Penser FK, Stockholm

    FOBS
    Foreningsbanken, Stockholm

    FJIT
    Fuji Bank, Tokyo

    GGBN
    Garbin GuyButler/Garban

    GARN
    Garvin BENCHMARK COMPOSITE, New York

    GEBB
    General Bank, Brussels

    GH
    Generale Bank, Hong Kong

    GFT
    Global forex Trading, Michigan

    GOSP
    Goldman Sachs, Paris

    GPXN
    GOVPX Full Service, New York

    GPIN
    GOVPX Indicative Service, New York

    HABL
    Hambros Bank, London

    HN
    Hantec International Limited

    BH
    Harlow Butler London

    HM
    Harlow Meyer Savage, New York

    HA
    Harris Trust, Chicago

    HH
    Hong Kong and Shanghai, Hong Kong

    HS
    Hong Kong and Shanghai, Sydney

    IBJT
    IBJ Bank, Tokyo

    ID
    Indover Asia Limited, Hong Kong

    IN
    Intercap Investments, New York

    IS
    Indosuez Australia Limited, Sydney

    ISML
    ISMA, London

    II
    Italian International Bank, London

    JPBS
    JP Bank, Stockholm

    JPML
    JP Morgan, London

    JPMP
    JP Morgan et Cie

    JBAA
    Japan Bankers Association

    JBBT
    Japan, Bond Brokers, LTD.

    KA
    Kaes USA Inc., Miami

    KZ
    Katonalbank, Zurich

    KH
    Kwangtung Provincial Bank, Hong Kong

    LB
    La Bouchere Amsterdam

    LH
    Lee Fung Hong, Hong Kong

    LEBL
    Lehman Brothers, London

    LY
    Lloyds Bank NZA Limited, Sydney

    LDFP
    Louis-Dryfus fin.

    MQ
    Macquarie Bank Limited, Sydney

    MP
    Mees Pierson, Amsterdam

    LP
    Mellon Bank, Pittsburg

    MR
    Merita Bank, Helsinki

    MIDS
    Midlandbank, Stockholm

    MIML
    Midland Montagu, London

    MTBT
    Mitsubishi Trust Bank, Tokyo

    ST
    Mitsui Sumitomo, Tokyo

    MO
    Mocatta Metals, London

    JMGF
    Morgan Guaranty, Frankfurt

    MG
    Morgan Guaranty, New York

    MOSP
    Morgan Stanley

    RL
    NM Rothschilds, London

    NA
    National Australia Bank, Melbourne

    NK
    NatWest Markets Australia LTD. Sydney

    NL
    National Westminster Bank, London

    NW
    National Bank of New Zealand, Wellington

    CF
    Nomura Bank, AMS

    NORS
    Nordbanken, Stockholm

    NRIT
    Norin Bank, Tokyo

    OJFS
    Ohman J:wtf:r FK , Stockholm

    HC
    OHV, Amsterdam

    OH
    OKO Bank, Helsinki

    PH
    Po Sang Bank Ltd., Hong Kong

    PK
    Postipankki, Helsinki

    RA
    Rabobank, Amsterdam

    RU
    Rabobank, Ultrecht

    RF
    Rada Forex, New York

    RC
    Royal Bank of Canada, London

    RT
    Royal Bank of Canada, Toronto

    RS
    Republic Mase Westpac, Sydney

    RH
    Republic National Bank, Hong Kong

    RN
    Republic National Bank, New York

    SWAT
    Sanwa Bank, Tokyo

    SCSP
    Scope Simulation Provider

    SEBS
    SE Banken, Stockholm

    SEBL
    SE Bank, London, England

    SCBT
    Shinkin Central Bank, Tokyo

    SSIT
    Shinsei Bank, Tokyo

    SHOT
    Shochu Bank, Tokyo

    VN
    Skandinaviska, New York

    VG
    Skandinaviska, Singapore

    SE
    Societe Generale Austrialia Ltd Sydney

    SG
    Societe Generale, New York

    SH
    Standard Chartered Bank, Hong Kong

    SW
    State Bank of New South Wales, Sydney

    STBT
    Sumitomo Trust Bank, Tokyo

    SF
    Sun Hunk Kai Limited, Hong Kong

    SVES
    Svenska, Stockholm

    SB
    Svenska Hanelsbanken, New York

    SVRS
    Sveriges Riksbank, Stockholm

    SWES
    SwedBank, Stockholm

    SN
    Swiss Bank, New York

    TF
    Taipei Forex, Taipei

    TKAT
    Tokai Bank, Tokyo

    TBBL
    Tradition Bond Brokers, Ldn

    TRNS
    Transferator, Stockholm

    TT
    Trasy Gold Limited

    TU
    Trinkhaus, Dusseldorf

    TG
    Tullete & Tokyo, Singapore

    TL
    Tullete & Tokyo, London

    TN
    Tullete & Tokyo, New York

    TM
    Tullete & Tokyo, Manama

    TS
    Tullete & Tokyo, Sydney

    UBST
    UBS Bank, Tokyo

    AY
    Ulster Bank

    UNIC
    Unibors, Copenhagen

    UH
    Union Bank of Finland, Helsinki

    UBSS
    Union Bank of Switzerland

    UG
    Union Bank of Switzerland, Geneva

    UC
    Union Bank of Switzerland, New York

    UW
    Union Bank of Switzerland, Sydney

    UZ
    Union Bank of Switzerland, Zurich

    SC
    Warburg DR, Hong Kong

    WZ
    Warburg DR, Zurich

    WP
    Westpac Banking Corp, London

    WY
    Westpac Banking Corp, Sydney

    WOGT
    Wood Gundy, Canada

    YKOT
    Yokohama Bank, Tokyo

    YTBT
    Yasuda Trust Bank, Tokyo
     
  3. JayS

    Thanks!. Does it mean FX trading is much error prone? I am still learning it but it seems to be a very lousy market.
     
  4. JayS

    JayS


    I think its because the trading is so fragmented (not a central location) that good clean data is hard to get. I don't think FX trading itself is error prone.

    The EUR and JPY are great to trade (along with the EUR/JPY), atleast for me.