FinSpreads vs Saxobank

[fastnet]

Quick question :

I have the excellent free USD/EUR chart from Saxobank open on my screen along with the scrolling prices from Finspreads.

Maybe I am being deceived but it seems that the Saxo chart leads the Fins chart by about 20 secs. . .. could this possibly be the case? Surely the Fins chart should always lead unless you have a totally live feed (not sure how delayed Saxo's is) when price should be the same.

Sorry if this sounds naive but anyone any ideas?

Thanks

 

[smullaney]

Wouldn't it depend on how much each chart is delayed? they are certainly not real-time.

The price you get when it comes to placing a bet is live meaning it could be different to the chart...

 

[fastnet]

That's just what I thought . . . . .Saxobank chart does say that it is live although it's free so maybe it isn't . . .it's difficult to tell for sure since Fins do not offer a spot rate price only futures and Saxo's charts are spot only.

Maybe have a look? It's a good site for FOREX either way.

www.saxobank.com

Cheers

 

[darrenf]

As far as I am aware, the saxo charts are live. I used them for a while in conjunction with cmc's prices and they were always almost identical.

Can't comment on finspreads as I have never used them.

Could have an angle? What is finspreads spread on eur/usd. Also, is the finspread price a spot or forward rate. If it is a forward rate, this could explain the difference.

 

[smullaney]

Rember the Finspread bid/ask is the futures price. (from IMM). The chart is "pseudo-spot"; from what I have heard they work back from their futures price to get the spot. So you have two variables, the calculation variable and any delay variable.

The bottom line is this - don't use the Finspreads spot chart. Use something like saxo or what I use, www.gcitrading.com/fxtcharts

 

[stevejhunt]

smullaney,
a very good tip about the forex charts. These look
even better than Saxo. Do you actually trade the futures (or
spreadbet) using a chart of the spot market ?
If so, have you found that the difference between the spot and
the futures are fairly tight and consistent ?
I'm thinking of GBP/USD and AUD/USD.
CHeers.

 

[harami]

Thanks smullaney,for a good link that provides a better chart than does the Saxo site. The two seem to be in sync as far as I can tell but did notice that Capitalspreads prices seemed to lead slightly.

 

[kevinmcm]

Rember the Finspread bid/ask is the futures price. (from IMM). The chart is "pseudo-spot"; from what I have heard they work back from their futures price to get the spot. So you have two variables, the calculation variable and any delay variable.

The bottom line is this - don't use the Finspreads spot chart. Use something like saxo or what I use, www.gcitrading.com/fxtcharts

I had a look at the charts above and was surprised to see a big spike down on the Cable chart which doesnt show on other charting packages. Would be great if it was showing a direction for Monday as I went short near the close on Friday, could be wishful thinking though

Kevin.

 

[smullaney]

I was using the gci charts to trade the Finspreads futures prices - so I was really using the chart to look for trades based on the graph as opposed to checking for pip-to-pip agreement.

I have been looking into Capital Spreads and using their spot SB but have yet to compare the prices with gcitrading.