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Totally agree with your critique, and your point on needing a good website (I bank with Smile Bank in the UK, who have not changed their site design in 11 years
by tomsaffell 17y ago
Totally agree with your critique, and your point on needing a good website (I bank with Smile Bank in the UK, who have not changed their site design in 11 years - and it is still (IMO) the best bank website design out there).
But what aspect of the existing currency exchange markets makes you think that doing a "billion" (or any other extremely high number) trades per day allows you to break-even only taking 1c per trade?
- icefox 17y agoTrue, 1cent might not be enough, but the basic idea of just sitting in the middle of a large number of trades and skimming a tiny bit off the top is what a number of banks already do.