Thread: InterbankFX
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Old 06-27-2008, 03:26 PM
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lonnie lonnie is offline
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hasty judgement?

gosh, i hope this can be helpful to some of you. i may have been hasty in suggesting ibfx could effectively run stops by widening the spread at will. looking at an events calendar, i see that a report was scheduled for release at 3:30 am central time which was expected to have high impact on the gbp. of course, that was exactly when ibfx widened their spread from 4 to 12 and knocked me out of a good trade. i don't have to like the fact that they widen spreads in multiples, but i understand the reasoning. perhaps i can watch the calendar and give my stops more breathing room when these announcements are expected.
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