Finally figured out what futures brokers and currency brokers are doing

P

Powerbacon

When I place a buy limit order in a light market where it's most noticeable, the price shoots up away really quickly. I realized what they are doing...they are putting an outsized buy or sell(I'm deducting it's a buy)order in-place of my actual order which never entered the market. I check the time and sales and there my trade never shows up. No trades will appear for thirty seconds and even longer both before and after the actual time of execution.

Now the reason they are doing this and is a whole different subject is when they place a larger buy order of there own they are hedging. And due to technical reasons of liquidity price action will not breach my "position" in the market unless a large amount of volume actually pushes it up past my price.....

They aren't actually routing my order into the market.

Before you scream heresy I implore you to try this yourselves rather than just placing your order blindly without watching the minute chart or second if you have it.
 
Powerbacon said:
When I place a buy limit order in a light market where it's most noticeable, the price shoots up away really quickly. I realized what they are doing...they are putting an outsized buy or sell(I'm deducting it's a buy)order in-place of my actual order which never entered the market. I check the time and sales and there my trade never shows up. No trades will appear for thirty seconds and even longer both before and after the actual time of execution.

Now the reason they are doing this and is a whole different subject is when they place a larger buy order of there own they are hedging. And due to technical reasons of liquidity price action will not breach my "position" in the market unless a large amount of volume actually pushes it up past my price.....

They aren't actually routing my order into the market.

Before you scream heresy I implore you to try this yourselves rather than just placing your order blindly without watching the minute chart or second if you have it.
More...
Which future broker and which trading instrument are you talking about?
 
Powerbacon said:
When I place a buy limit order in a light market where it's most noticeable, the price shoots up away really quickly. I realized what they are doing...they are putting an outsized buy or sell(I'm deducting it's a buy)order in-place of my actual order which never entered the market. I check the time and sales and there my trade never shows up. No trades will appear for thirty seconds and even longer both before and after the actual time of execution.

Now the reason they are doing this and is a whole different subject is when they place a larger buy order of there own they are hedging. And due to technical reasons of liquidity price action will not breach my "position" in the market unless a large amount of volume actually pushes it up past my price.....

They aren't actually routing my order into the market.

Before you scream heresy I implore you to try this yourselves rather than just placing your order blindly without watching the minute chart or second if you have it.
More...


We rarely face this problem because we
use regulated brokers and regulated exchanges.

We don't trade illiquid products and we don't trade CFDs.
And we don't trade when the market is very quiet.

Have fun playing with the market maker.
 
maxinger said:
We rarely face this problem because we
use regulated brokers and regulated exchanges.

We don't trade illiquid products and we don't trade CFDs.
And we don't trade when the market is very quiet.

Have fun playing with the market maker.
More...
Currency brokers in the US are CFTC regulated and NFA members and they b-book all day. No routing to the market what-so-ever.
 
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