Geez I’m busy today.
This is more of a general knowledge / would like to know question.
I have noticed that the rates quoted for Buy / Sell are always different from one system to another and even from TV and radio.
When I’m working I have Bloomberg (or CNBC) on TV, my radio is on, and sometimes I will have a demo from another dealer open on another workstation just for fun.
What I have noticed is that at any given point not any one of the rates quoted for a pair or for Gold for example is EXACTLY the same. They are not different by very much but I was just wondering what the reason for this is. I mean on Bloomberg Gold, for example, might be quoted at $661.00 but on my trading system it will be between $660.75 and $662.00 and on another (supposed) live demo from another dealer the rate will be different again and the radio will quote yet a different price and so on and so forth.
What is the reason for this? I mean is Gold, for example, not $661.00 per ounce anywhere in the world at any given time?
Just interested to know.
Regards,
Dale.