bugscoe: thats my experience as well. Im using Neoticker+MBT for charts and Oanda for trading. Its pretty much lockstep. BTW, i track slippage through a custom frontend (via api), and my average slippage on the last 100 trades is 0.1 pip.
Yes its a dealer market, but they are quoting a 2-way price. Meaning they can only move quotes in their favour in a way that there is no arb opportunity with another dealer. Thats what keeps quoting in balance in all dealer-markets, not just in FX. Only thing they can really do is widen the spread, and that happens to some extent.
Its also amusing with what religious enthusiasm people on this thread defend/attack certain firms (obviously working with assumptions in most cases rather than 1st hand experience).
Yes its a dealer market, but they are quoting a 2-way price. Meaning they can only move quotes in their favour in a way that there is no arb opportunity with another dealer. Thats what keeps quoting in balance in all dealer-markets, not just in FX. Only thing they can really do is widen the spread, and that happens to some extent.
Its also amusing with what religious enthusiasm people on this thread defend/attack certain firms (obviously working with assumptions in most cases rather than 1st hand experience).