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If you're looking at programming pricing models or simulatinos then c++ is the way to go. Smaller hedge funds will most likley still have developers assigned to diff desks rather than specific departments and they are usually flexible. The last fund I worked for decided to lump for c# for the...

not really, bonds and ir futures never dropped significantly below pre figure levels

most established hedge funds with proper risk management in place will have a 1 day VaR (99%) of about 7% deviating a few % depending on their market and regional concentrations.

good luck, I can see what you're trying to do. Whydont you try and at least log the prices and mkt depth on fx futures before deciding on a process to try and capitalise on potential moves. Even on 6E which has the most liquidity, you're not going to find muc more than 20-40 contracts at the top...

I have to agree with the fact that it being java makes it sluggish regardless of what java-fans say. However, you can access cnx via a very small fix app if you have the dev expeirenc to write one ... or use the smartorder that they have in beta which is a .net app

If you mean by 'closing an order', closing out a position that was entered via cnx, then of course it wont appear on cnx, it has nothing to do with it. If, however, you buy 1m eurusd on cnx gui, and sell 1m eurusd on a fix app logged into the same account at the cnx gui then you will indeed...

brilliant .. a big thank you for making me laugh today

I dont know who told you this but you are in fact wrong. THe opposite is correct though

the 10ms I quoted was hypothetical, I really have no idea and you'll need to do multiple stress tests to compare the two api's but in general no matter what a java lover will tell you, it's just not fast enough. The only java-based real-time financial application that I know to successfully...

The speed might be similar but if you are really that bothered by the speed, then fix is the only way to do. Let's say that on average it might 10ms faster but seeing as speed is so important to you .... that 10ms might just make the difference I know you directed this question at viper but I...

my thoughts exactly

arbitrage, arbitrage, the word has lost all its meaning, ffs they even have riskless arbitrage now. The fact of the matter is prop desks and hedge funds run arb apps 24/7 from spot/futures in the fx,eq idx,cmdty mkts to adr-pairs arb. The reason why you see this on cnx is because (if I am...

I understsand your point .... I'm just trying to say that any number of arb apps (of whihc speed is also of the essence) would also take advantage of this situation without speicifcally being designed to do so. Also, arbing between platforms is really just the same thing with respect to what...

surely you can see that an app arbing between spot and futures woudl take advantage of that situation

well, then I have to say then that there is "SCALPING" and "SCALPING!!!!". I dont see any problem (nor do many of the banks/funds) with something as trivial as arbing between futures and spot. Yet from your comments it woudl seem that you woudl accuse someone with an application to do such as...

anything that bypasses their ridiculous socket api will provide a significant boost in speed.

when this has happened to me it appears to be the case that the cnx platform itself is having issues. Unless this issue arises whilst the mkt is not volatile and using your own fix app talking to cnx there shouldnt be a problem. If you are using a fix app, then you should be able to track the...

Incorrect, his method takes advantage of the crazy latency in prices that the shoddy platforms that most retail fx brokers have. Most of these brokers widen their spread and will continue to further widen until it's no longer profitable for these ppl.

the entities that marketspace is aimed at are already comfortable with the way spot fx is handled interbank. I fail to see it taking a sufficient amount of volume from globex futures and interbank to make it as successful as reuters/cme predict ... I hope I am wrong

also, their website .... well, let's say my 12 year old nephew could have done a better job