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hire a developer to write a fix app tailored to your traders' needs

as riskmetrics is aimed at hedge funds it's no surprise it's expensive. THe last hedge fund I worked for negotiated a good deal as they were always helping to test their new models. The asp solution they offer though is pretty dire and requires a lot of work to automate. THat said ... it's still...

I've only used algorithmics and riskmetrics which are for institutions and really a lot more complicated for what you need. For £5k, I think you might even be able to hire someone develop a custom solution for you. If you do decide to go down that route you need to choose one or more VaR...

stop orders are always filled when the price is hit on ib. If you're using limit orders and they don't get filled becuase the price gaps over it ... well, thats' how limit orders work

you need to read up on the differece between types of orders. A Limit order will only get filled at the limit price so if the market gaps through that price your order will be left untouched

I hope your success lasts

*shakes head* yet another person trying to jump in on news. Let me put it to you this way. By the time you get the news, regardless of which news provider you have ... the market makers will have got the data as well and will pull their bids/offers and requote at a mor appropriate level. If you...

not trying to sound harsh but it really doesnt sound like you have any idea how the markets work and yet you're trying to trade during highly volatile times which is extremely dangerous, more so if you're trading in an unregulated market. It's obvious with the latest onslaught of signal...

I woudln't consider it insider trading. If you're a sales trader in a bank and vodafone wants to buy 3 yards sterling there's only one way sterling can move (ignoring extreme events). Admittedly there are supposed to be chinese walls so that ppl on the prop desks can't get hold of this info but...

Take a look at the fxfutures market around news. If you're trading anything other than 6E you'll find it worse than the shittest fx retail broker. 6B will without fail have spread in excess of 10 pips with probably 10-20 contracts either side. Or ... look at nokia when they annoucne their...

why would there ever be guaranteed stops? Brokers like fxcm etal offered them years ago until ppl started straddling nfp and they got hit big time. Now you won't find a single brokers offering them, just like you won't find any brokers offering guaranteed execution and tight spreads around news...

whilst I think IB's response might appear vauge to you, it is what he says ..... it's the market. If the market is currently at 06/08 and you have a stop order at 95 and the market gaps to 75/78 where do you think you're going to get filled? If you think 95 you're dreaming.

the time in question was uk cpi. What these so-called news traders fail to realise that trading fx with their broker is really just trading their own individual fx market. Even with ecns, becuase you're liquidity providers are all different, if you were to place identical trades on the diffenret...

when I tried efx ... their quotes were all over the place.... sometimes even displaying -ve spreads for fractinos of a second. However, trying to hit any of these will be impossible. good lucktrying to trade news through them, you'll find that either like IB the liquidty providrs will just...

think about how it works on an exchange. There don't have to be any trades for the price to move. if the price is currentrly 24/25 and all the offers at 25 are pulled with the next offers at 30, you're gonna get a quote of 24/30. When the forex market gaps aroudn figures is it becuase so many...

whilst most fx brokers will say they hedge themselves by directing trades to the interbank market, more often than not, this is rubbish. Seeing all the interest around trading news recently on this forum perhaps ppl need to understand what's going on in the market instead of complaining about...

well said .... admittedly the someo f these dealers deserver everythig they get ..... but they'll end up just taking it out on a fewaccounts to even the score. Best course of action ? learn to trade properly

apologies. But the market is ever changing. Just becuase US IP was did not cause any moves 6 months ago does not mean it won't now. I can see oanda wideing spreads whenevr there is a release that can potentially cause high volatility. IF you don't like oanda's wide spreads aroudn news then don't...

efx and ib are not proper ecn's (unless you're hitting other ib customers)

around news releases ... I'd say that 3-5 via manfx is pretty good. Come back again when you experience 20+ pip slippage. Ppl on this forum keep worshipping currenex and other ECNs. Admittedly, yes they are a lot better than most retail shops but as you're competing against other traders for the...