We recently received some questions from the broker's table regarding the difference between trading in the future of the currency -ME Chicago- or trading directly in the Forex market under OTC conditions.
The negotiation of the future as we know it is done through a real market which implies the transparency of the operations and the corresponding volume, but also the monopoly in price since it is the own clearing house of CME that marks the hairpin in the Futures trading operations such as the Euro, the Pound or the Yen.
On the other hand, if the Forex trading is done directly through Forex CFD's, we avoid monopoly in price since each broker via OTC trading offers me the best buy-sell price, a lot more liquidity and lower guarantees than in Case of the future contract of the currency we are asked with each daily close. In near-maturity situations, we also know that most traders will roll over the next week as liquidity begins to decline and we will have to assume new commissions when we change maturities if we want to have greater liquidity.
In addition to the fundamental advantage of greater liquidity when trading Forex with respect to the future, we will also avoid opening holes since it is a market that opens 24 hours a day and any fundamental news of draft will catch us in a situation of negotiation Allowing us to liquidate the position.
Among all the advantages exposed, it is important that the CFD's Forex platform allows me to operate with direct access to interbank liquidity, in this way the settlement of the Forex hairpin will be with real prices mitigating with respect to the future the problem of transparency in The operation can operate with much more competitive forks. Interdin.com through its institutional aggregator Forex combines the liquidity of 9 of the world's leading banks by permanently auctioning off between them the best bid and ask price, the result being the interbank averages in fractions of pip that are published every day .
The rollover is also completely transparent detailing the TOM - NEXT settlements in real time and in euros. In this way, the individual client knows before "rolling" the daily position the cost or the credit for his account , choosing to close or maintain the position before the end of the day. In the attached chart you can see how the negotiation ticket eurusd trades a spread 0.1 fork with market depth, real time volume and the cost or remuneration of the swap or rollover of the currency for each 10k nominal contract.
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