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Minimum Exchange Rate for CHF Discontinued

  #14 (permalink)

London, United Kingdom
Trading Experience: Intermediate
Platform: N/A
Broker/Data: Bloomberg
Favorite Futures: Energies
CobblersAwls's Avatar
Posts: 308 since Jul 2014
Thanks: 1,077 given, 385 received

josh View Post
If dealing with OTC as it sounds like he was, it was whatever the dealer wanted to give him, which was clearly the worst deal possible. Bucket shops 101.

It was actually 'DMA' so went into a liquidity pool made up of all sorts (brokers/banks etc). Even so, the whole OTC industry is dubious and I'd never trade my own money on it. That's from someone who works in and around it.

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