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nice PnD play :D

LOL You´re taking it from the wrong side pal. The previous research was for the purpose of spotting that practice in case that it appeared with the chosen trading services provider. Traders will be fully backed, so I don´t see where can I earn something practicing fictitious trading...

Thanks, but I wasn´t asking about the risk management itself, there is no problem with that, I´ve already met with almost every platform out there and know what every one of them offers in terms of risk management capabilities. I was asking about an advice regarding the form that the first...

A friend of mine offered me to open a small trading group in the near future, like a max. of 10 traders, including myself and him. And the rest will be green guys who will be trained from scratch. I would like to ask some advice regarding the overall risk parameters and how should they be...

And 95% of FX traders trade agains their own BD, waiting for a "strange" price movement, or a "error" during stop execution :D

I guess they were betting to get this HFT thing going unsuspected with normal market conditions, but for they bad luck, after regNMS the market gone trough 2 crisis . There are no big slow fishes out there anymore, no liquidity, and the small ones soon enough found out what was all that...

Add to all this stuff the possible "preorder" front-running :D http://premarketinfo.com/2012/06/26/can-hft-players-see-your-order-before-you-send-it/

I know that FX operates that way (that´s the main motive I stay far away from it, and recommend everyone to do the same). I didn´t had any suspicions about equities because before everything was centralized and they had a lot of regulating entities who watched the business. But lately I...

lol, well, in fact I started the thread to find how can I check if a broker is committing fictitious trading. I think that I should just email SEC and FINRA, maybe they will be able to give some hints about this orderID stuff

Damn you for ruining my childhood dreams and hopes.....

That´s what I fear. I was hoping to find a some logic sequence and see where does the order flow goes. I´ll try to contact some people that may know better about this to get a better idea. Because knowing where do my orders go would help to find an edge I think. Even in the case that a big...

Thanks for the FINRA link, I´m checking the FIX protocol right now to see if the numbers have some sense. Ok, so if this number result in some "private code" that only the firm knows what it have behind, there is no way of verifying that the orders are getting into the venues that I´ve sent...

Ok, an example order ID 567721896-7 What do each number symbolizes?. I´m not searching for "translation",but for a guide to understanding this number, in general. Ok, I supposte that I would need to dig again in exchanges sites until I find the PDF that I´ve been talking about...

LOL I wanna check my broker numbers to see if everything is fine, that´s why I´m asking here. I´ve seen some delays with some routes, and would like to see wtf is happening there. I´ve seen a PDF with the details of the OrderID, with broker codes, etc. But damn, i´ve spended 2 hrs and...

:D Ok. I would like to decipher the orderid number of my blotter. I know that this ID contains the venue of execution, and the parties involved on this, so I would like to know how to check that info.

I would like to know how to read the OrderId number. Seen a couple of months ago a manual for this, but lost the link and cannot find it again. Anyone could give me some insight in this? Thanks

Oh thanks :). Well, but what B/D have less than 500 orders in a quarter??. I mean, a vast part of the professional traders in most "serious" b/d are HFT (both manual and algo), and only 1 trader can have in a day 200-300 (if manual) and 500-1000 (if algo) orders per day, many of with are...

Why there are people that just cannot read the whole stuff before responding. The info should be available from the clearing house anyway, since the BD is their "client" in case that they´re not a self-clearing b/d, and a "member" from the LLC would be a part of that, so the right is there...

Ok. Everything is clear, a guy sent me this link with the FAQ for Rule 606, and everything is there. http://www.sec.gov/interps/legal/mrslb13.htm Only Non-directed orders should be reported. I understand that these are the Managed routes, some algo/dp and anything that is internalized. In...

Thanks Don