The difference between the best price you can buy at (the ask) vs the best price you can sell at (the bid).
In currency markets, prices are generally quoted as net prices inclusive of any charges. The bid-ask spread is therefore an important component of the overall cost of a transaction.
The spread can be an indicator of market liquidity. The foreign exchange market usually has very low spreads relative to equities and bonds, but they may be wider for less liquid currencies and during periods of market stress.
What is MillTechFX?
We provide access to a transparent marketplace for comparative FX execution from up to 15+ counterparty banks, while harnessing a unique and significant pricing efficiency for our clients and reducing their operational burden. In addition, MillTechFX provides clients with full transparency of execution via independent TCA reporting.