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What is CMC? What broker is that? That seems like a pretty tight spread for the moment.

Is it due to the holiday tomorrow?

Well OpenQuant is a lead in to the more industrial strength SmartQuant. I don't know either product that well, although I dabbled with OpenQuant. But to answer your question more directly, one example would be Portware. That is just one of many institutional trading vendors that costs tens of...

I am not so sure. When it comes to trading the banks are at a disadvantage and the reason is that hedge funds have multiple prime brokers and are able to discover their books and their flow through those relationships. The banks themselves do not share that data for obvious reasons. Small shops...

Also consider RightEdge, OpenQuant, NinjaTrader. RightEdge has the most promise IMO, and all 3 work with InteractiveBrokers, which has probably the widest support amongst software packages, automated or otherwise. These are probably more serious tools though for the smaller pro traders, or...

Forex is choppy? What are you talking about?

NinjaTrader_Ray, can you comment on this? Sending balance to support staff at NT? That seems like a serious breach of privacy.

It's actually a big issue because if you trade on behalf of clients, you have a fiduciary responsibility to protect their interests. It doesn't matter if you believe NT has nefarious reasons or not, you can be legally liable. It's a big minus for NT in my opinion.

I ask this not to cast aspersions but it is the only of the 3 mid tier automated platforms that phones home to a licensing server. What is to stop them from phoning home the code to your winning strategies? Nothing in the user agreement addresses this. OpenQuant and RightEdge do not phone...

Well IB posted Sept 1 as a holiday for USD. But you're saying that doesn't mean there is no dollar trading, just that it's slightly thinner?

I take it that you can still trade anything but USD on Monday right? But if your account is based in USD, then you can't trade? Also, Sunday will be trading as usual even for USD, despite the pending holiday on Monday?

Is Oanda as trustworthy as IB IDEALPRO? I ask because I was under the impression that with FX being unregulated and there being no central exchange, the only place that is transparent and safe to trade is real ECNs, like HotSpot, IB IDEALPRO, etc. Why do you prefer Oanda to IB for FX spot...

Exactly. And in any case, I am not going to be using the paper account, I will be pulling down historical data and running backtests on my own machine, with estimates for latency and slippage, so it should be accurate now that I think about it, presuming the slippage isn't awful or inconsistent...

Also how does the IB paper account compare to the real account when it comes to FX? I am thinking it should be the same since liquidity is so huge for FX and (EUR/USD) and since I am placing 100k orders, maybe 250k max. Am I wrong? If I have working strategy in paper account, will it mostly...

Thanks. When you say up to 800k, do you mean 8 lot / order, or do you mean 8 orders @ 1 lot each over the course of a day? 1-2 slippage on an 800k order I suppose is not horrible, but on a 100k order I would think that is a bit high no? But then again you said occasionally right? About...

How does this differ with FX on IB's IDEALPRO? I imagine because liquidity is so massive that orders of 100k will perform nearly the same between paper and real IB accounts?

I have just opened up an IB account with IDEALPRO access. I am looking to do automated trading. My understanding is that for FX they are one of the best in part due to the transparency of being an ECN, meaning they don't take the opposite side of your trades or go stop hunting like many FX...

I currently use IB as a broker and their IDEALPRO as an ECN, but I am told their tick data is filtered to achieve lower processing overhead on the client and to decrease bandwidth saturation on their networks. While their tick data appears to be very current and low latency, it is missing...

I know it was said in another thread that the liquidity on HotSpot FXr is greater than on IDEALPRO, but what about execution speed for retail clients? I know liquidity should in theory help with execution speed, but I'm just wondering. Do fills typically get made more often at the price one...