DislikedHi Tah,
Thanks for getting back to me. I don't want to be off topic in this thread, so I posted a reply for you back in the FXCM thread. Let me know if you have further questions there.
JasonIgnored
Jason, thank you for continuing with this discussion, because while I have my concerns I still seek understanding. What remains unexplained is why trading occurred while the spread was in excess of ten pips. And this did not occur exactly at/after 5pm EST, but somewhat later. My post time signature was 5:07 pm EST, but it took me time to write it so likely the event was within the first several minutes of the new day, but not at the start of the new day. First the spread went to 5+ pips, stayed there, then popped to 10+ pips where the spike down in price occurred, then went back to 5+ pips, and finally back to "normal" in the 2+/- pips range. Since the 10+ pips/trading event was preceded by a 5+ pips timespan, which itself was after 5pm, this does not seem to be a factor of the rollover accounting task starting exactly at 5pm. And what about the trading during that 10+ pips period?
-tah
(Sonicers, this I have posted on the FXCM Disscussion thread pursuant to Jason's latest reply.)