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How does CMS Forex determine its prices?

April 26, 2017CMS determine forex prices

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How does CMS Forex determine its prices?

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Forex is not a centralized, exchange based market. Therefore, the prices you receive from individual forex brokers and major banks may differ slightly from one another. As a market maker, CMS can quote any price on a given currency pair. It is CMS’s objective to provide clients with what we believe to be the most accurate market price. At CMS Forex we run several data feeds from our counterparties, predominantly major banks, through algorithms to extract what we believe are the most accurate prices. Furthermore, our dealing desk monitors our price feeds for any erroneous price data and corrects them accordingly.