Captain Pugwash wrote:seems funny a single broker would allow you to arb them like that?
Notice that this is not arb. From any perspective, these are just carry trades. There is nothing wrong in taking those positions, we are just playing the game by the broker´s rules. If they offer such swap rates yelding positive returns, we just take advantage of that, not breaking any rules.
Yesterday I was thinking, we could have a community for sharing swap info from our real accounts. Like a website, where people could sign on either as "collaborators" or plain subscribers. The collaborators would have the responsibility to report swap rates (and other data too) from their real accounts, in an annonymous way, providing for the whole community updated data every day. A simple script or EA, continuously running (in a VPS, for instance), could get this done. Plain subscribers could pay a small subscription fee in order to keep the website running and also for paying a small bonnus to the collaborators for the use of their platforms.
This would be really great. And not only for FPI rings discovery, also for plain hedge between two brokers with swap rates differential yelding positive returns.
Trust me, the math is simple, coding the script I´m using was simple, but finding rings among several brokers, that was the hard job...
What you guys think about this idea?