I found this section from the Interbank FX trading agreement very interesting and felt it was worth sharing.
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REGULAR CONTRACT RULES AND REGULATIONS
I. REGULAR CONTRACT SPECIFICATIONS.
(A) Currency Contract Size - $100,000
(B) Spread. The size of the spread, which is the difference between the "BID" and "ASK" quotes, will vary depending on fluctuations in the exchange rate between the subject currencies. Interbank FX, LLC earns a portion of its income from part of the spread charged on its dealing rates to Customers.
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I found the last section of part B where they state a portion of their income is generated from the spread charged on its dealing rates. Where does the rest of their income come from?
Can anyone enlighten me on other legitimate sources of income they might have(assuming its related to spot forex trading)? I hate to be paranoid but could this be a legal disclaimer for stop hunting or other shady activities?
Regards
Ah
**************************************
REGULAR CONTRACT RULES AND REGULATIONS
I. REGULAR CONTRACT SPECIFICATIONS.
(A) Currency Contract Size - $100,000
(B) Spread. The size of the spread, which is the difference between the "BID" and "ASK" quotes, will vary depending on fluctuations in the exchange rate between the subject currencies. Interbank FX, LLC earns a portion of its income from part of the spread charged on its dealing rates to Customers.
*****************************************
I found the last section of part B where they state a portion of their income is generated from the spread charged on its dealing rates. Where does the rest of their income come from?
Can anyone enlighten me on other legitimate sources of income they might have(assuming its related to spot forex trading)? I hate to be paranoid but could this be a legal disclaimer for stop hunting or other shady activities?
Regards
Ah