How well do you know your market maker?

If you made even one check in the left column, your market maker is the rarest of exceptions. Why is that?

Market makers know everything that's worth knowing about their customers, but they're highly selective about how and with whom they share this information. If it's valuable to some traders, why not routinely disclose it to everyone? Withholding valuable information is simply another form of manipulation by market makers.

Someone is benefiting from this knowledge. If not you, why not?

It's not that any of the items in the checklist constitutes an absolute “signal.” It's just that these statistics paint a comprehensive picture of the state of the market; and they can also tell traders something about the market maker's way of working. You can't be expected to “trade the market” if you're forced to fly blind.

In the recent, traumatic cleansing of the accounting industry it became trendy to talk about transparency. But beyond the cliché, transparency has a real purpose: to ensure undiluted fiduciary responsibility. Why should the global currency markets be immune from such fundamental common sense?

Next: The right to trade whenever you want
Back: The right to trade real spot
Return to: Table of Contents