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large spreads at IBFX at closing

  • Post #1
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  • First Post: Oct 10, 2008 5:44pm Oct 10, 2008 5:44pm
  •  pipping
  • | Joined Aug 2008 | Status: Member | 36 Posts
Hi all,

At closing these were the spreads at IBFX:

EURUSD: 5
GBPUSD: 29
AUDUSD:14
GBPJPY: 35

Did the other brokers do this also?
Will it continue next week?

Any thoughts appreciated.

Alex
  • Post #2
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  • Oct 10, 2008 5:57pm Oct 10, 2008 5:57pm
  •  fxtrader42
  • Joined Oct 2007 | Status: Member | 576 Posts
well there spreads are padded but yes spreads were very high and yes this will probably continue as long as we are in a credit crunch
 
 
  • Post #3
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  • Oct 10, 2008 8:46pm Oct 10, 2008 8:46pm
  •  socialtrader
  • | Joined Jul 2008 | Status: Member | 16 Posts
Isn't this perfect reason to just stay on the sidelines?
----- I live in the land of Trading Metro.
 
 
  • Post #4
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  • Oct 10, 2008 9:49pm Oct 10, 2008 9:49pm
  •  pipping
  • | Joined Aug 2008 | Status: Member | 36 Posts
thank you for your replies, yes it seems a good idea to stay out
 
 
  • Post #5
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  • Last Post: Oct 12, 2008 5:30pm Oct 12, 2008 5:30pm
  •  rydnek
  • | Joined May 2006 | Status: Member | 16 Posts
They made an announcement about changing their Swap Rates at 16:46 PM 10-3-08. There was large volatility in the GBPUSD pair just before I got the announcement.

Screenshot Attached.

Chuck
Attached File(s)
File Type: zip IBFx_SwapRateAnnouncement.zip   68 KB | 295 downloads
 
 
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