Decent Brokers during High Market Volatility

[def]

Quote from sccz97:

def, your reply is very encouraging. However, there is one thing that I'd like to clarify. For me, during a fast moving market, it is essential that I get filled on a trade and I am more than willing for this to happen at the 'new' market level if it has since changed (to within a certain tolerance of course). Is this something that IB can do or perhaps something that is in the pipeline?

Our markets are live. If you hit bid or lift an offer you should receive an instant fill. You can also place orders in between the market and become the market.

 

[sccz97]

Quote from def:

the move to 50% should happen this week. 23 hours is currently available.

50% or 50:1?

 

[def]

Quote from sccz97:

50% or 50:1?

thanks for that catch. 50:1

 

[sccz97]

Quote from def:

thanks for that catch. 50:1

*phew* ... eyes popped out a bit when I saw 50%

 

[Chood]

Quote from sccz97:

I'm looking to sign up to a new broker and have come across a few that on the surface look like they meet my requirements. I book most my trades in a fast market so need a broker with more flexibility wrt to how it handles trades during high market vol. Also, speed at which trade is accepeted and confirmed is very important.

The few that I'm looking at are:
1. IB
2. SaxoBank
3. FXTrade.net
4. CMS-Forex

_______________________________________________

For details of my extremely unhappy experience with SaxoBank, see this thread this board:
www.elitetrader.com/vb/showthread.php?s=&postid=712876&highlight=saxo#post712876

 

[sccz97]

Quote from Chood:

Quote from sccz97:

I'm looking to sign up to a new broker and have come across a few that on the surface look like they meet my requirements. I book most my trades in a fast market so need a broker with more flexibility wrt to how it handles trades during high market vol. Also, speed at which trade is accepeted and confirmed is very important.

The few that I'm looking at are:
1. IB
2. SaxoBank
3. FXTrade.net
4. CMS-Forex

_______________________________________________

For details of my extremely unhappy experience with SaxoBank, see this thread this board:
www.elitetrader.com/vb/showthread.php?s=&postid=712876&highlight=saxo#post712876

many thanks. I'm currently testing out interbankfx and while it's early days, it seems sufficient.

 

[crazycanuck]

Def,

Who is the data provider for IB's fx quotes?

 

[def]

Quote from crazycanuck:

Def,

Who is the data provider for IB's fx quotes?

The banks making the markets as well as clients who may post a better market. In essence we are just acting like an ECN.

 

[crazycanuck]

If one of the banks is behind the curve...like which occured this morning for example...does your quote show their "better" B/A or do you have an algorithm to drop a bank that is well outside the others? Hence, if one bank is behind for several minutes, is their price quoted and if so are trades honoured at that price?

 

[def]

Quote from crazycanuck:

If one of the banks is behind the curve...like which occured this morning for example...does your quote show their "better" B/A or do you have an algorithm to drop a bank that is well outside the others? Hence, if one bank is behind for several minutes, is their price quoted and if so are trades honoured at that price?

as far as I understand, what you see on the screen is honored.