USFE is coming out with a currency futures contracts that act like forex next month. It will settle each day just like forex, where as futures settle every 4 months. And interest is credited or debited each day. Each contract will trade at $5 per tick.
If they are true futures contracts that trade like forex then they must have the spreads of futures, which mostly stays at 1 tick. The only problem Doodi sees is liquidity. Chicago Merc owns the currency futures market. It'll be intersting how this developes but it could give more transparency, safty of funds, and rock bottom spreads compared to forex.
http://www.streetinsider.com/Basic+C...s/2646838.html
Discuss.
