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Can you describe the "last look" feature, or point us to where is has already been described? I have recently opened an account which trades on Currenex, and I would very much like to know what to look out for, and how I might minimize the ill effects.

I've had the device for some time. It became mandatory for my account a week ago. I run an ATS, and it was really a pain. One call to IB to opt-out, and now I don't have to deal with it any longer. I may have poorer security, but at least I don't have to stay around my monitor to do the...

Look at it this way -- the only way your system can make money is if your trading costs (slippage, commission, fixed costs) are kept to an absolute minimum. You can only do that by trading big size. Yet you can't get executions that will reflect your model except at small size. As you try to...

The comments by danger66 are absolutely correct. I have just started up with a Currenex broker, and am still using IB. The commissions are the same at $20 per million. Actually, with IB you can usually see 0.5 pip spreads in EURUSD during active trading hours, whereas on Currenex the spread is 1...

No, they don't. IB's spreads were just about as good as Currenex, at least in the pairs that I trade most frequently, so I have stayed with them even as my size increased. But what good are decent spreads if you can't get executed?

True, and a good point. It's off to Currenex for me, as soon as possible.

GLOBEX doesn't have the pairs or the liquidity that I require.

I sat in front of TWS for >45 minutes after trading opened on Sunday, watching my very marketable order to close a position unable to execute. Initially I had a limit order to buy which was about 12 pips *above* the market, and it would not execute. I tried putting in a market order, but that...

I am having the same problem with https, but when I go to Xincom's site, I can't find a v2.2 firmware release. Did they point you somewhere special for this release?

When I look at eSignal forex (including Hotspot) I see some strange behavior. If you look at the bid/ask quotes, they seem to be the latest quotes that have come down the stream, regardless of whether they are the best bid/ask. Thus if you just look at the bid/ask stream, or even something like...

Could you specify which quote provider this is?

I often get price improvements of about 1 pip on my limit orders on IB. Perhaps that is because I trade one of the minor pairs, with a spread that tends to jump around a lot. I would say that it happens often enough to almost make up for the commissions.

You will have one issue to work around, and that is that the quotes are not the same on IB and TS. You can expect to see wider spreads on TS. And when writing your EasyLanguage strategy, you will be using the Bid, not a midpoint. Therefore you will have to adjust (upward) your entries and exits...

Try CSI, http://www.csidata.com.