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I feel honoured to have been picked out thank you. I know I can't compete with you but perhaps you should read a little more carefully. You call me Lion - and seem to make a big point about how it contradicts being an Eagle- but it is Lon - no "i". Reminds me of a little joke my 6 year old...

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Thank you for the lesson. I can not possible add anything to your pearls of wisdom and so I won't attempt to.

I have read the first post on that thread. If that is what you are urging everyone to read it does not say anything. Please explain why or what is says that is significant to someone who is stupid like me. Also please explain where at any stage it says the ECNs are bucket shops etc.

Historically there are at least 3 very big reasons fx and futures have not worked. They require margin and this costs. All decent sized banks have huge spot lines for one another which require no margin. Why switch your trading to a place where you have to put up margin? They have been...

many thanks for your response. Could you please let me know what the capital of your firm is please - not the amount of business carried out but the actual capital. What is the legal name of the name I would have to deposit funds in - ie the name of the firm that I would instruct my bank...

Please define "affiliate"? What is your own capital? Please explain why having the funds held at JPMorgan is any more secure? The danger is not the bank goes bust but rather yourselves and/or one of your big clients - thus the other clients suffer loss of their funds. Many thanks.

I traded directly with Den Danske (as they used to be called) for years in the interbank market. They were a great counterparty. In terms of risk/credit worthiness they are very secure. I would not have a clue what their retail offering is like though

I think the market was already long euro doll and when it broke the top of the 1.27 to 1.29 range it got further long. It then popped back inside the range causing some longs to bale out. Trichet saying "following closely" rather than vigilant meant a hike before the Summer unlikely so euro...

PM sent! You can't say the differential is 2.5% - it is not the difference in the repo and fed funds rates but rather the money market rates. Thus if the yield curve for the currencies is a different shape so the points will change. For example: Say the Fed funds was 5% and the next move...

Rising inflation in an economy with strong growth is a good reason to buy dollars. However when an economy is weakening it gives rise to the spectre of stagflation which is the worst possible scenario for a currency. Barclays has published some excellent research on the correlation between...

Rising inflation, falling growth and a huge current account deficit. Seems pretty good fundamental reasons to be long euro dollar to me. The only thing that might prevent it going higher is the technicals - the very thing you are seeking to blame for its rise!

Is that all, interesting. Thanks for the feedback. On my hotspot the spread has been going say 15 pips wide (especially cable) over figures. Time to investigate further I feel. (don't care about 1-2 pips though).

How you finding them over figures? They sem to be getting wider.

Futures or an ECN like currenex, lava or hotspot.

There are internet issues at the moment between the UK and the US - ping times have crapped out. This is affecting the ECNs. You talk about ariel - I assume that means you are trading with the likes of IG or ODL. They claim that the issue is the fact ariel (sp?) are setting up their own...

Why knock anyone who gives traders free money? More of the same please.

There is a very large cable fix at 11am London time this morning. The bank needs to buy £ this am.

For a $100 difference cheque?!

I am staggered a trade can take over half an hour to be conveyed to the client. That is simply appalling and in size would be a huge issue.