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If CFDs are a contract with the broker and there's no central market aside from the clients and the broker. Is that likely to mean that the volume showing bar by bar [for a stock for example] is the volume traded WITHIN the brokerage [the sum total of trades between broker and clients] OR do they port in volume from futures or something??
Part of what I'm aiming for is to find out if a CFD account [DMA CFD with IB] would be suitable for learning the DOM. The aggregate feed from IB and it's suitablility for learning the DOM is I guess another question for another thread
Can you help answer these questions from other members on NexusFi?
I contacted the Broker in this case IG Markets. I wasn't really expecting a straight answer, but #I think# I got one 'The volume indicates the amount traded on the exchange for the share. It is not transactions between IG and its clients' - they said.
I thought the answer would be something less simple.
I got the same response talking to IG:
"We offer trade volumes on CFD accounts in accordance with the volumes available in the underlying market
hence , the volume that appears on the trading platform is the actual of the underlying market"
