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Poor Brendan. The day the Mithras was demolished many moons ago, now that was a sad day. The fx boys in the basement, the 5/8 1/2 sterling depos in the upstairs bar.

Absolute class! And they choose to liquidate on a US holiday thus forcing markets to tank and the Fed into an emergaency 75bp cut. That is some achievement.

I wrote this on another thread but briefly. Carry trades are very active at the moment and driving a lot of the forex activity. Note how dollar yen actually rises as the dollar weakens againstt he euro and the pound. It is all sterling and euro yen. Dollar yen actually rose the second they...

Don't forget that there are 2 Hotspot platforms, the retail and the institutional one. I have used Hotspot inst for a few years and perfectly happy with it, as one of a number of ECNs I have access to. When i opened it I read all sorts of stories on here how you can't pull orders within 5...

This is the last time I will respnd as to be honest I get more sense out of my 9 year old son. It is the exact same reason so the same same rational but whereas before the market was tanking it has now rallied. Yesterday and first thing this morning equities were tanking and so the...

I wont bother replying again as you dont seem to be really listening or understanding how the fx markets work. The reason the dollar has weakened in the past hour or so is for the exact same reasons as I suggested earlier. It has nothing to do with your theory that is should be weakening (and...

The dollar has gone down against against the yen. But is has rallied against the European currencies. As I said - perfectly logical.

The $ rise was perfectly rational. Carry trades fall in volatile times, dragging euro dollar and cable down. If world markets slump then the ECB will go from a tightening bias to rate cuts. That is a huge change. The US was always going to be cutting rates. Slightly less definite is the...

Liquidity and spreads still terrible,sadly.

ECB Mersch said some dovish comments on Bloomberg, caused stops to be smashed.

Like it! You can take the boy out of the spot desk but you can't take the spot desk out of the boy!

FXCM. Thankfully I had seen the small print where they were no longer guaranteed. August 04 was it, but not sure of the year. NFP came out very weak and euro dollar was 150 pips higher in seconds. FXCM took eur dollar down 40 pips for a second or two thus tripping all the downside stops...

My point was I don't use a bucket shop as they don't provide the service I want . However if one bucket shop happens to move a price out of line to take out stops or whatever then that could be used to your advantage. The classic example of this was the guaranteed no slippage stops of a few...

So why not use these differences to give you an advantage or edge? Just for the record I only use ECNs like currenex lava and Hotspot. Sadly both FXall and Marketspace have awful liquidity at present. I do use futures but to be honest they too are awful for liquidity and so I only use...

What happened at IG -did they put more capital in?

Lol! Might this be connected to your complaint about MBT?!

Carried out my first inter-bank forex trade in 1988. It is no better or worse now, just different.

spot is 2 days. (that is a general answer, dont know if IB do it differently to the market or the norm)

Depends on your size. When it is volatile liquidity goes out of the window.

I thought Ron was an Aussie? Next damn arse theory please.