Comments on: When websites publish exchange rates, where do they get it from? Is an organisation summing up currency trade? http://www.myylt.com/2009/05/27/when-websites-publish-exchange-rates-where-do-they-get-it-from-is-an-organisation-summing-up-currency-trade/ Discussion of Forex Trading and Currency Trading Wed, 23 May 2012 00:49:51 +0000 http://wordpress.org/?v=2.3.3 By: Itchy1977 http://www.myylt.com/2009/05/27/when-websites-publish-exchange-rates-where-do-they-get-it-from-is-an-organisation-summing-up-currency-trade/#comment-14825 Itchy1977 Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/05/27/when-websites-publish-exchange-rates-where-do-they-get-it-from-is-an-organisation-summing-up-currency-trade/#comment-14825 Very good question. Tthe rates do actually differ very very slightly depending on where you see them, by up to 15 to 20 pips. Think of it this way, if you buy currency from me, I then go and buy it from my source, who then buys it from his etc etc This may happen 3 or so times until it's brokered by a market makers like Barclays Capital in the city - it's these market makers that are trading the big figures - billions a day, and its these market prices that filter down to rates you see published like the ones on my blog. Very good question. Tthe rates do actually differ very very slightly depending on where you see them, by up to 15 to 20 pips.

Think of it this way, if you buy currency from me, I then go and buy it from my source, who then buys it from his etc etc This may happen 3 or so times until it's brokered by a market makers like Barclays Capital in the city - it's these market makers that are trading the big figures - billions a day, and its these market prices that filter down to rates you see published like the ones on my blog.

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