Best Electronic Trading Venue for Spot FX

Quote from CalVolibrator:

I am not fully aware of how they break down their client tiers. But partly because of that I am curious what others are seeing, even though it may not apply to my specific case. I trade up to 50 million but never in one clip. What I like to understand is what type of spread widening you are seeing and at what levels. No need to state your trading volume if that is proprietary, I guess I am just curious at what order sizes you see spreads to go out at first...
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I can tell you that the differences are immense. If you do size, they treat you like royalty. If not, you get the same shit feed everyone else does. $50M a day is not bad, just nothing to write home about. I am talking $250M a day to YARDS a day. I have seen both, on a huge number of providers.

Got to ECN. It is the only hope for a trader your size.
 
Nitro, I am aware of everything you said, please let me know if my question was that poorly worded. This is not a pissing contest, I do not mind you trade 100 times my size or not. You sounded authoritative on FxAll and other liquidity providers that is why I asked at what order levels you generally witness what kind of spread widening. It is ok if you do not know out of the top of your head.

Quote from nitro:

I can tell you that the differences are immense. If you do size, they treat you like royalty. If not, you get the same shit feed everyone else does. $50M a day is not bad, just nothing to write home about. I am talking $250M a day to YARDS a day. I have seen both, on a huge number of providers.

Got to ECN. It is the only hope for a trader your size.
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Many brokers define a lot differently.

1 lot = ???

Quote from koolaid:

who would you guys say is a best to decent broker for FX for traders trading anywhere from 1 to 50 lots...in the US.
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Quote from koolaid:

who would you guys say is a best to decent broker for FX for traders trading anywhere from 1 to 50 lots...in the US.
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Of course I'm biased but if you are looking for a true ECN experience with well capitalized firm, I'd suggest you consider IB.

spreads on the majors are often 1/2 pip wide, you can work orders and will easily accommodate the size you're mentioning. If you do want to do more than 25mm regularly please feel free to send me a PM as we can enable some additional functionality, such as quote request, to assist.
 
Anyone here working with LCG FX. They seem to offer access to a variety of trading platforms like: Currenex, FXAll, Integral, HotSpotFXi, EBS.

I've seen lately on their website a new electronic platform FastMatch but couldn't figure if it's a standalone liquidity provider or it's gathering together the liquidity from all the above trading platforms.

Anyone familiar with them?
 
Fastmach is yet another of the dozen or so new ecn platforms trying to get a piece of the institutional cake. Its a jointventure between FXCM, SocGen and BNY Mellon.

They have 3 different what they call 'trading rooms': retail(mostly liquidity provision for broker clients and what is considered friendly flow), institutional (supposedly for hft clients, slightly wider spreads than retail) and interdealer(doubt they do a whole lot of business).
 
Quote from CalVolibrator:

Nitro, I am aware of everything you said, please let me know if my question was that poorly worded. This is not a pissing contest, I do not mind you trade 100 times my size or not. You sounded authoritative on FxAll and other liquidity providers that is why I asked at what order levels you generally witness what kind of spread widening. It is ok if you do not know out of the top of your head.
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Like I said, it depends on your feed. It also depends on the symbol. EURUSD USDJPY etc are going to be able to swallow tons of volume, whereas USDSEK would obviously not.

From what we have seen, FXALL has great liquidity, but I don't know if that should mean anything to you?
 
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