Benchmarking Retail Brkrs [Search].

Hi guys,

I read a post over the weekend that mentioned retail Brkrs being required to be "In the Ballpark" with their Quotes twice a day. I can't find it again.

Does anyone know where it is?

Stupid Bugger. I found it on another board. Didn't mean to waste anyone's time.
Anyway this is what I wanted to re-read.

The Fed even tries to keep brokers in check by providing "official" spot prices at 10am and 1200pm EST. Go see for yourself on their web site. At these times the interbank spot rates are posted every day - and it is 'expected' that all brokers come close to matching these rates.

SO what does all this mean - it means that the brokers can do what they like (within reason) with their own retail price feed to their customers as long as they are around the feds rates at the times mentioned above - and hence if the 'big boys' aren't playing on your brokers price intranet (highly unlikely) then your broker doesn't have to follow their big plays exactly (although they will have to move with the interbank rates on the whole, but they can lag). So you get all the games from the brokers in between all the big plays going through the interbank system.

Opportunityisnowhere