Which is the Best Data Feed for Interbank Spot Prices?

[TRADERguy]

By the "best" I mean the one most generally accepted as most accurate. I'm trading CME futures and want to be viewing the best interbank spot price. I currently have access to Bloomberg Pro and CQG but could add something else if it's better.

Thanks in advance.

P.S. I know there was a thread from the middle of last year that covered this but I can't find it.

[whyohwhy]

Hmmmm.....you trying to see if one can be played against the other (futures) TRADER? ;-)

[TRADERguy]

Originally posted by whyohwhy
Hmmmm.....you trying to see if one can be played against the other (futures) TRADER? ;-)

Although there are arbitrage opportunities, I watch the spot price while trading futures because the spot market is much bigger and it is the main market. Also a particular support or resistance level will remain at the same price over time in the spot market whereas the futures price needs to be adjusted day to day for the cost of carry according to the time left until expiration.

The spot price on Bloomberg and CQG are always 2 pips apart and it’s always in the same direction so it’s not that one is timelier than the other. I would like to be following the most accurate spot price and if one source cannot be identified as the most “accurate” then I would like to be following the data feed that is most widely used (especially by the big players).

[whyohwhy]

From reading some threads here, I was left with the impression that Reuters was the one that Pro's go for. I have had no experience, so dont know. Ive had several accounts and demo's over the past year, and just found this one which I consider pretty good and fast when viewed up against futures.... http://www.ifxmarkets.com/eng/FX_Home.asp

[TRADERguy]

Well I did a lot of research and the answer seems to be either Bloomberg (EBS platform with over 100 billion a day in volume) or Reuters (Reuters Dealing 3000 Spot Matching). Does anyone have experience with both of these that can compare them?

EBS Bloomberg EBS Spot

Reuters Dealing 3000