Simon, spreads on forex

[dimitrius]

Simon, what will the spread be on forex trading when you guys start offering it here?

[SimonPB]

There is a market maker and currently they're at about 3c or 4c. But naturally traders can get in the middle and as the market grows things may well change.

[TJH]

Simon, what currency pairs will be available? Is it in the form of a warrant?

[SimonPB]

initially just US$/ZAR, others will be added later. And no not a warrant - a futures contract.

[TJH]

You would have thought they would have gone initially with the Euro/$ as most people could have access to live demo currency charts.

[dimitrius]

Simon, 3 or 4 cents or 3 or 4 pips?

[SimonPB]

cents, US$/ZAR trades at a very wide spread as apposed to cable and others that trade on pips.