Yesterday I took a Quote-Video during US Trade Balance news time.
See thread:
http://www.forex-tsd.com/42294-post10.html
and
http://home.arcor.de/cam06/vids/
Analysis of this video made me think about a possible arbitrage profit, supposed you have got an account with Oanda (
https://fxtrade.oanda.com/) and a Broker (InteractiveBrokers or MB Trading for example) where you can trade CME (
http://equivalentsrdc.cme.com:443/index.html?) Globex Futures.
As shown in attached screenshots at 14:30:02cet = 08:30:02est you could buy GBP for 1.9040 at Oanda and sell equivalent Futures for 1.9052 at CME.
A 12 points gain!
This situation didn't change till 14.30.08, so that you got 6 seconds to execute the appropriate trades.
Since you can take it for sure, that the equivalent futures after some time will be back insice Onada's spread this trade seems to create a kind of safe profit of 12 points difference - 7 points spread - 2 points comission = 3 points safe arbitrage profit.
If you can stand a possible move and wait till Oanda's spread is reduced to 2.5 points the arbitrage profit would even grow to about 8 points.
So far my consideration.
If anybody has got pracitcal experience with such trades a detailed explanation would be nice.
Regards Martin
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