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Viper whats your opinion Currenex vs Hotspot?

Hotspot does not let banks have a look at the trade before agreeing to it, Currenex do. Of course that must suit the banks, I wonder on slippage on Currenex whether theres a little you scratch my back ill scratch yours going on....

V true Viper.. Yes it was common practice on certain institutional ( I dont have much experience with retail) that the banks will have a criterea that if the stop order is within certain amount of pips of the market they do not allow an order to be placed. TBH I dont know why its such an...

Let them dig deep and find out whats there....

Whoa one word of caution...becoming a market maker may not be all it seems ..just make sure that when you place an offer or bid that it is available to the rest of the market place your in...some allow you to be a market maker but actually what is happining is that you place a bid in the system...

I dont agree with ECNs being EBS for the little guy, there is a huge difference between EBS and the likes of Currenex and Hotspot. EBS is still mainly a manual execution venue for banks, most of the time a bid or offer is only placed into the system when there is interest, this is changing...

You in a hub or FXtrades?

Cake and eat it me thinks...

LOL...

One thing to note...depending on the platform / broker you choose you can actually be hit by other traders...so your 50K bid could be picked off by someone...not sure if your in that situation viper with your platforms ...Currenex?

LOL is that not a charge then? Frightening thing about the FX market now is that people scream about spread during volatile times.......if the spread is wide and your unhappy then put a price in where you would want to deal..that narrows your spread...if you dont want to get involved on your...

DB have white labelled FXCMs retail side. There is no scam here. DB have no ability to manage the credit challenges of the retail market. Deutsche are more than likely supporting FXCM with a total credit line but that is then broken down to each individual risk on private investors. Its...

Yes they are whitelabelling their system..simple reason is that DBs credit is based around Institutional investors and not geared towards retail... They give FXCM one line, let them do the due diligence/credit processing underlying clients but cleints feel more comfortable because DB are...

Not if you sell to me and it keeps going lower its not...:D

I dont think any of them would all the clients would be doing it so it would probably be costly for you as the exchanges would charge excessive fees for you to have the advantage of being housed in their office... Pete at HS knows his stuff you should listen to him.

Thanks for the taking the time to reply Temerity, what I actually meant was why do people think Globex is faster for an API executor rather than using an API into the likes of Currenex or Hotspot or any platform that offers such access.

oops

why on earth would someone type 'did someone just say something' in reply to a) something that is read and not listed to, and b) had to read it to be able to reply to the message so must have taken note of it... :D

Sorry just want to stir it a little...on an API model why would going to globex be faster ?..... What do they do with their feeds thats different from many of the other cash exchanges? btw you could have the fastest execution tool in the world..without liquidity its worth dick!!!...so dont...

One thing to remember about all of this is the fact that because futures is an exchange they actually lack anonimity...anonimity is not about hiding from the regulations..its about not providing information to the outside world on your positions or being impacted by spreading or being read...