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TraderKGB, Thx for presuming that I'm not aware of mkt interest rates. The rates I mentioned were provided by Gain on Monday via phone and confirmed in an email. The rates seem high, that's the reason I've asked the question here on ET. Also, I was actually more interested in the spread in...

I'm new to forex, usually trade futures, and I've been on the fence over using IB vs. Gain. I noticed that the rollover rates and interest paid on USD cash balances was quite a bit better at Gain. For example, on EURUSD last week, Gain relative to IB, had paid +175 bps ann. Sure, that's...

Okay, thx for your help. I think I'm going to watch the spreads for awhile longer. But, I'm headed in the direction of trading with IB (using NT as the front-end), while using Gain's live and historical tick data. As long as IB is generally inside the Gain bid-ask spread I think this should...

The link to the word facetiously? I thought that was a mistake. So, you were just kidding around? You think they're about the same? What about my comment on bid-ask spreads? What do you think? If I'm correct and IB is generally inside the Gain and FXCM spreads, then using Gain data but...

My avg. holding period is about 12 hrs. 5 pips is probably too far apart, but 1-2 pips would be okay. You mentioned a link but I didn't see one. Also, you mentioned "hedge"; I'm not hedging, purely directional. FWIW, here's my observations on bid-ask spreads for a few of the brokers...

cstfx, I'm interested in your opinion on this one. I already trade the few FX futures that are out there. I'm looking to FX spot to get exposure to non-dollar pairs. I was thinking of using Gain for both live and historical data but trading through IB. I'd like to work w/IB b/c I'd like...

kon.P, I understand that. My question is, if you're algo trading and require several years of tick data for testing, what historical data set are traders using w/IB? IB doesn't have this. I'm assuming I'll have to use live data other than IB's as well in order to match the historical...

If you're auto-trading FX w/IB, what are traders using for historical and live tick data? Can the feed be run on Ninja? That's really been my only reason for looking at Gain. They've got about 10 years of tick data available for free and I can run the live feed through Ninja.

Elizabeth, I'd be interested in knowing who you decide to go with. I've spoken to a # of these shops. I've never traded spot b/f, only futures. IB looks like the cleanest deal out there. However, I think I'm going to give Gain/Forex.com a try first. The problem for me is data. I...

Also, what's with the difference in rollover rates for forex brokers? On the EURUSD, MB Trading has a negative carry of -85 bps for longs and-395 bps ann. vs. Gain at +36 bps for longs and -180 bps for shorts. Is +36 bps X -180 bps competitive on this pair?

I'm looking for some advice on Gain Capital in particular and forex brokers available on NinjaTrader in general. I trade futures currently and I'm looking to expand into FX spot. Since I auto-trade and rely on several years worth of tick data for backtesting on the Ninja platform my choice...

Fair enough. Maybe I'm spoiled compared to many of the others on ET. For futures I use Ninja for auto-trading, for the most part I like my futures broker (Velocity), I've never had a problem with my data provider (IQFeed), and I use a T1 line and I've never had any problems there. Albeit...

ScapGF, One more question for you... I've been trading mostly FX futures and I'm just looking to try out trading FX spot at this point in time. I was thinking of using Amp since they offer both forex and futures and b/c they meet some other criteria I need. I know that they're just...

I'm looking for a forex broker and I definitely won't be considering FXCM anymore. Thanks for the info, crude remarks and all. One question though. I get FXCM and Barclays data through IQFeed and I haven't noticed FXCM's prices sticking. I admit I haven't watched it too closely. But, I...

Pippi436, Thx for the Tenfore info. I see they offer both Tullett and Barclays historical spot FX tick data. Hopefully this will work. Does anyone have any experience using Tullet or Barclays for real-time quotes but executing trades through IB or another broker that offers both futures...

fyshy, Yes, you're correct about IQFeed and I like the product. But their tick data only goes back 30 days max. They're not in the historical data business. I need 3 years of tick data at a minimum. Again, bid-ask interpolation rather than true T&S tick data is okay as long as I have...

cstfx, I understand that there isn't central clearing which really goes to the heart of the problem for me. My true question should probably be: Which data providers and/or brokers offer 3-5 years of spot FX tick data and offer the same feed on a real-time basis? Is there a broker out...

I have two very basic spot FX data questions. I trade FX futures and have never spot FX before. Question 1: How do I know that my data provider's quotes are the same as my broker's quotes? Or, at least that they're nearly the same? For example, I've done backtesting using both Barclays...

No. But the b.s.d. analogy had to come from somewhere so I suspect you're right.

Since the post is way off topic now did anyone see today's FT. Researchers found that high frequency trading success among men is linked to the ratio of the right index finger to the ring finger. The longer the ring finger relative to the index finger the better the trader. The ratios...