No. Dealer bid < interbank ask & dealer ask > interbank bid –> ask is greater than bid in any situation for this one…I’ve been reading a lot (long day), so I could be missing something, though.
You guys are correct!~
must the bid from the dealer or interbank always be lower?
for example:
Dealer: Bid - ask
235.80 - 235.90
Bank: Bid - ask
235.85 - 235.95
Yes, otherwise I could buy from the implied interbank or delear @ the ask, and sell the other @ the bid. Dealer
Bid Offer 100 101.5 Interbank
Bid Offer
99.95 99.99
I could buy from the Interbank at 99.99 and then sell to the dealer for 100
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