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PRELIMINARY RESULTS In asking the question, can the "small retail trader" "make the spread" using the LMAX exchange, the answer is "Yes". But this result needs to be placed in a wider context, since it is heavily dependent upon prevailing liquidity which, in turn, depends upon time of day and...

We just received a big time written apology from LMAX for the crappy treatment we received. So now that the account is being managed correctly at the LMAX end, we should have no further problems. Whew !!! HyperScalper. Now move to the "measurements" thread, and I'll post results as they come...

Thanks for the clarification, so now we can close this thread. It may be that my results will be like an Apples to Grapes comparison, and therefore, sadly, probably not applicable to your trading results. (I would be the "cluster of Grapes" in this simile :) ). Clearly if you operate in the...

Looks like there's just no pleasing you... I'd rather "bury the hatchet" from this point onwards and be all friendly and helpful again. It ain't my fault this process takes a while, have you ever coded / developed a multi-order interactive trading application? If so, then you'll understand...

OK, we're finally Live funded at LMAX with 4,984.47 Euro. Over the next few days I'll be posting preliminary liquidity results, as I get them in the "measurement" thread as follows: http://www.elitetrader.com/et/index.php?threads/lmax-price-advantage-measurement.287749 Apologies for the...

I appreciate your comments and patience / impatience. As requested, we provided a copy of the Stratos numbered account statement, showing the transfer and company name, but apparently they did not accept that as "proof of transfer". My partner will be addressing this "number" issue, and...

Finally some clarity on LMAX refusal of our deposits. Our bank, Strateo in Switzerland uses numbered accounts, and this is unacceptable to LMAX (FCA over-regulation, you know...) even with image of Bank statement showing the transfer as valid, with company name shown. So if they do not fund...

I think you're premature to dismiss me. Of course I'll miss you, and appreciate your help. We've spent 2 weeks battling KYC and AML issues with LMAX and they've just now accepted our initial funding. We negotiated with them on a $5k initial amount, since we're pitching in 2 months of software...

Sanitized email from LMAX after my partner's multi-week struggle to get funding... To quote my partner, dealing with them is "c**p". Dear XXXXXXXXX Limited, Thank you for sending funds to LMAX. For security reasons, could you please send us the proof of transfer when you make the payment...

Sanitized email from LMAX in the endless quest to get them to accept the funding. I'm not sure how I feel about this over-regulation thing... My partner working these funding issues characterized them as "c**p" but we need their technology, not their customer service. Dear XXXXXX Limited...

Hey, I CLEARLY stated that the sample data posted above was DEMO. Obviously, unless LIVE fills are measured, the data is worthless. I even put it in UPPERCASE that the snippet shown was DEMO, but I fully intend to show you the LIVE data, so patience..... Funding LMAX can be a nightmare, at...

Sample LIVE LMAX market data rates (5 levels of Depth of Market) through the Java API . Timestamps appear to be EDT U.S. times, although I intended them to be GMT... 11-13 11:17:29:998: LMAX Ticks per Second Rate for: USDJPY avgRate: 5.93 maxRate: 11.00 minRate: 2.49 11-13 11:18:29:999: LMAX...

Here is a "key" to read the data log Here is an example of strictly "retail" pricing to explain each field in the log. I hope the formatting will be readable. Using the first log line as an example: 11-12 19:28:00.815 EURUSD SEL *S (0.0) wPI: 0.00 qty: 0.001m @ prc: 1.24265 deltaMsecs: 0...

I've started a new thread to post liquidity and price advantage ongoing results: http://www.elitetrader.com/et/index.php?threads/lmax-price-advantage-measurement.287749 After struggling with funding restrictions at LMAX and with the Banks, mostly on KYC ("know your client") and AML...

This thread will contain the results of measurements on LMAX "liquidity inside the spread". First, a little background on the issues, methods and how the small Retail trader can obtain significant "price advantage". This is a follow-on to...

Let me inject some clarity into this data. Here it "appears" that the DEMO allows me to Buy at the Bid price, and Sell at the Ask/Offer price, but that is NOT true. Actually the DEMO assigns fills on a "Retail Basis", which means I Buy the Ask price, and I sell to the Bid price. Why, then...

Ya think ??? :) Recently I looked into the new IRS regulations which classify BitCoin not as a currency, but as "property". Thus changes in BitCoin value against, say, USD, have to be valued as capital gains. For BitCoin users, this means that "cost basis" must be preserved as the "fair...

Update: we had a funding rejection at LMAX and return to our Bank. This is typical AML (anti-money laundering) behavior I'm sure you have all seen before... So we have another transfer in progress... HyperScalper

Put in some crude instrumentation to measure fill pricing. Once we get Live, this will be more interesting, and I'm open to suggestion about a few other data items to log. Data looks as shown below, but this will change slightly. GMT Timestamps will also be in there, and maybe some LMAX ID's...

With equal respect, I intend to furnish a reasonable characterization of the liquidity. We had some issues with transfer into the Live LMAX account (honest, we did...) and anticipated Live-ness yesterday or today, neither one of which materializ(s)ed. So I await tomorrow. But if some of you...