WHRoeder:
Brokers use a spread (either variable E.G. IBFX or fixed AVAFX) or commissions (FINFX) or both ((:). They have to make money somehow.
Brokers use a spread (either variable E.G. IBFX or fixed AVAFX) or commissions (FINFX) or both ((:). They have to make money somehow.
they make money by the fees
there is competition - customers may choose settlement-trading brokers instead
or just agree with each other on message boards like this to concentrate trading
to certain times in order to get better spreads
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I wonder, why there is bid and ask, why you can't just agree to take the middle, the average ?
To increase the number of orders, agree also on fixed timings, -say- one settlement every 10 minutes,
then the average of the quotes for the last 10minutes is calculated and taken as the price to be
traded by all settlement orders.
Is it being done ? (if not, why ?)