DislikedI am not that familiar with how it works today, especially the spot side, I'm a futures guy...but in the old days, even today, on Globex lets say, when you are hitting the bid or offer, lots of times, the other side of the trade is a bank, so its essentially the real market, if there is such a thing..I suspect lots of these higher end platforms are linked right into the intrabank market, but to to a point, I mean sometimes, if you put a large enough order in, they might look elsewhere for additional liquidity..but thats how this market works, its...Ignored
Quant Hedge Fund CEO