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means having worked as a dealer, most likely on a cash desk or some equivalent at a bank

for a 1 million USD you are not getting anywhere near DB's Audoban platform

To get a direct prime brokerage relationship with a tier 1 bank where you are dealing on credit lines on their platform, you are going to need signifigant capital, a little less than 10 million US to be safe, and you are going to have to do atleast a hundred million a day in volume to make them...

At the end of the day, all FCM'S run risk on some portion of clients trades that is how they all make the majority of their money, whether they have a dealing desk or not, it really doesn't matter. Even software such as currenex, etc, allows a firm to choose which trades it offsets and which...

Now it just means there is going to be distinction between a FCM (Futures Commision Merchant) and a FDM (Forex Dealer Member), this bill will raise the net cap to 20 mil for Forex Dealers but it no way is it pushing them out of business.

That UK spreadbetting firm owns IFX Markets Inc. as well. City Index is part of the IPGL group out of the UK (ICAP, EBS etc.) I think they will be alright

so Steve, MB Trading doesn't take the side of any trades whatsoever? Every single trade is executed by an outside party and MBT takes no risk, correct?

how long is your track record, not backtesting, but live trading with your system with verifiable results?

InterbankFX is in an interesting spot now, will be interested to see what happens

the traders your firm hired would have to be registered as part of the firm, (series 3 etc.) The firm that houses would be exposed, and there penalty would be a serious fine from the NFA. The spot industry is changing and the scrutiny is on the FCM's that offer off exchange fx trading and the...

Both ODL and IFX have US entities that I do not see going away. IFX Markets Inc, used to be Commerce Bank Foreign Exchange (cbfx) seperate from IFX Markets Ltd in the UK, who is the parent company. IFX was taken over by City Index which is owned by the Intercapital Private Group, (Michael...

check out the NFA's webpage today, www.nfa.futures.org. A lot of fines and actions against some major Forex firms this week.

with the exception of money garden, I think all of the firms over 5 million at this point should be good for a while and wouldn't have a problem raising money either through P.E, Venture Cap, etc. The industry is definately changing and hopefully those clients of the smaller firms can withdraw...

20 million would be great to see, but with the NFA going to 5 mil on January 1st, I doubt we will be seeing 20 million within the next year. Signs of good things to come tho.

The long and short of it is, is that if you are a retail trader and you are winning or losing, your broker really doesn't care, because for every 10 guys who make money, there are 90 who are losing money, simple as that. For more institutional clients, the broker most likely be hedged against...

sounds like someone had a tough NFP on friday

I am new to this forum, but I agree that ForexSavior is doing a good job by bringing a lot of issues to light. The NFA is going to change the NetCap requirement and that is pretty obvious. However, most of the firms that are going to be affected by it have already been taken out (ie. Nations...

yes, a 20 million dollar position is much more realistic, but I am not sure what brokers offer 400:1 and have decent liquidity to be able to handle that as a single trade, but I am sure they are out there

no retail market maker would be able to give you 400:1 on one trade of a million, which would mean opening a 400 million position,,, the most I have heard of at a broker, even through a phone is 60 million, and that's at 100:1,,, not sure about ECN's though.