EFX Group

Quote from 4x Steven:

Why is this a problem for you bugscoe?
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Because of 2 things I imagine.

1) you need some ethics - trading on out of court prices is wrong.

2) the chances are that you couldnt trade on the wrong price anyway and so if you wanted to go long you would not have a clue at what level you could. Sadly this was exactly the same issue I had with MBT 2 years ago and it seems it has not been fixed yet.
 
Quote from GTS:

Get to a command line, type ping and then the destination address

Example (I typed only the part in italics)

C:\>ping fxtrades-ssl.currenex.net

Pinging fxtrades-ssl.currenex.net [63.111.184.211] with 32 bytes of data:

Reply from 63.111.184.211: bytes=32 time=12ms TTL=50
Reply from 63.111.184.211: bytes=32 time=11ms TTL=50
Reply from 63.111.184.211: bytes=32 time=12ms TTL=50
Reply from 63.111.184.211: bytes=32 time=20ms TTL=50
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You are based in the US I assume?
 
Quote from Lon Eagle:

Because of 2 things I imagine.

1) you need some ethics - trading on out of court prices is wrong.

2) the chances are that you couldnt trade on the wrong price anyway and so if you wanted to go long you would not have a clue at what level you could. Sadly this was exactly the same issue I had with MBT 2 years ago and it seems it has not been fixed yet.
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That is an interesting perspective on your "out of court prices". I personally do not feel responsible whatsoever to make sure that the prices are at any particular spread. I am a trader and I am totally comfortable gettin the best market price possible.

If you are entering in fast markets with MB you had better use a limit order with bounds. If you use a market order with MB in fast markets you could get filled 10 seconds later at just about any price.
 
Quote from Lon Eagle:

Because of 2 things I imagine.

1) you need some ethics - trading on out of court prices is wrong.

2) the chances are that you couldnt trade on the wrong price anyway and so if you wanted to go long you would not have a clue at what level you could. Sadly this was exactly the same issue I had with MBT 2 years ago and it seems it has not been fixed yet.
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Lon,
Huh? This is FOREX not Equities. There is no exchange (NYSE) their is no market center (NASDAQ) there are no order handling rules. TDFX aggregates a quote, good or bad, wide, narrow or crossed. This is market dynamics in it's simplest form. Should MBT/TDFX lock the market and skim the excess? That's exactly why I use them, because they DON'T do that. That would be called a "deal desk". Remember? If the concept of a free market where you can actually post bids and offers and play within it is why you don't use MBT then sadly I suspect your are focused far too much on the display of quotes then the actual ability to execute your trading plan. "Ethically", I would look with a sceptable eye at any firm or system that does NOT operate in this manner.

Lon, look again, the very thing you are not understanding is one of the strongest part of the TDFX technology. Please don’t take my tone for anything other then an opinion there is not a hint of aggression or flaming. Again, I have been doing this an awful long time, my comments come from allot (almost three decades) of market experience.

PP
 
My guess ; this Mr.Pubpip is just an under-
cover lawyer of MBT with his 4 posts...no, I am sure :0)


As long as what you see is not what you
can get, you have no true ECN.

Anybody on Hotspot had orders hanging during fast markets ?
 
Quote from Mr. Pubpip:

Lon,
Huh? This is FOREX not Equities. There is no exchange (NYSE) their is no market center (NASDAQ) there are no order handling rules. TDFX aggregates a quote, good or bad, wide, narrow or crossed. This is market dynamics in it's simplest form. Should MBT/TDFX lock the market and skim the excess? That's exactly why I use them, because they DON'T do that. That would be called a "deal desk". Remember? If the concept of a free market where you can actually post bids and offers and play within it is why you don't use MBT then sadly I suspect your are focused far too much on the display of quotes then the actual ability to execute your trading plan. "Ethically", I would look with a sceptable eye at any firm or system that does NOT operate in this manner.

Lon, look again, the very thing you are not understanding is one of the strongest part of the TDFX technology. Please don’t take my tone for anything other then an opinion there is not a hint of aggression or flaming. Again, I have been doing this an awful long time, my comments come from allot (almost three decades) of market experience.

PP
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I am sorry I have to disagree with you completely. I am surprised that if you have 3 decades of fx experience you are not aware of the ACI code of conduct for forex which specifically states that traders should not deal on out of court prices.

As to the locking of prices -sadly when I was using EFX their platform would freeze in a fast market and you could not trade or if you did you would not know the level. It would appear from comments here they still have this problem although I can't comment on that.
 
Lon_Eagle,


This Mr. Pubpip has maybe 3 decades
experience as a broker(because that is
what he is) and not as a trader.

Did you ever experience hanging orders
with Hotspot ?
 
Not with hotspot no although to be fair over the past few months I have found their spreads too wide in fast or volatile markets.

People talk about a 10 second delay in confirmation with EFX - I don't know if that is true or not but it would be totally unacceptable.
 
Quote from Lon Eagle:

Not with hotspot no although to be fair over the past few months I have found their spreads too wide in fast or volatile markets.

People talk about a 10 second delay in confirmation with EFX - I don't know if that is true or not but it would be totally unacceptable.
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Oh, it is not a delay in confirmation. It is a delay of execution and or takers. And just to be clear, this is not 2 seconds after non farm LOL
 
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