Long time no post. It's been very interesting observing the ASX CFD market startup (hello....hello....anybody in here....echo...echo), and particularly illuminating today with RIO (the ASX CFD code is RT).
Given the ASX promoted its product with promises of liquidity and tight spreads...
11:00 The RIO underlying Bid/Ask is 131.47/131.50. The RT spread at the exact same time is 125.00/134.50.
11:30 RIO Bid/Ask is 130.75/131.05. RT spread is 125.00/No Ask.