I find it more funny.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Forex charts with volume
- Thread starter trader56
- Start date
I find it more funny.
It's kinda scary how many of you seem to suffer from head trauma. HotSpot is an ECN and as such operates a closed, centralized marketplace. They offer price and [gasp!] VOLUME data as a $20 premium to the GTIS feed. Linking it wouldn't do any good as I am suspect as to your literacy. I suggest you call esignal and ask for a free trial or inquire about the HotSpot ECN volume. I assume you're capable of using a modern, touch-tone phone?
Direct from HotSpot: Depth of market represents the total volume traded by Hotspot FX users. There is no volume statistic reported for the foreign exchange industry. Therefore all volume numbers reported are internal.
What a pile of phucktards. I expected more from KGB as a HotSpot client. Thanks for your support.
Direct from HotSpot: Depth of market represents the total volume traded by Hotspot FX users. There is no volume statistic reported for the foreign exchange industry. Therefore all volume numbers reported are internal.
What a pile of phucktards. I expected more from KGB as a HotSpot client. Thanks for your support.
atticus - I simply asked for a link. Nothing on eSignal or HotSpot's website mentions anything about volume feed (i.e. nominal amount traded).
Why would HS offer to eSignal subscribers for $20 what they don't even offer to their institutional clients on FXi? Try thinking logically instead of resulting to profanity...
Their description is poorly worded and may have led you astray. Depth of market != volume!Quote from atticus:
Direct from HotSpot: Depth of market represents the total volume traded by Hotspot FX users. There is no volume statistic reported for the foreign exchange industry. Therefore all volume numbers reported are internal.
Why would HS offer to eSignal subscribers for $20 what they don't even offer to their institutional clients on FXi? Try thinking logically instead of resulting to profanity...
Quote from Trader KGB:
atticus - I simply asked for a link. Nothing on eSignal or HotSpot's website mentions anything about volume feed (i.e. nominal amount traded).
Their description is poorly worded and may have led you astray. Depth of market != volume!
Why would HS offer to eSignal subscribers for $20 what they don't even offer to their institutional clients on FXi? Try thinking logically instead of resulting to profanity...
No, you asked for a retraction as well.
They offer volume and I've used the product. The volume histogram is produced on the esignal charts when quoting HOTSPOT tickers. I was never using their DOM, save for a short time while using the FX/FXi app. It's not $20 -- it's a $20 premium to the GTIS fee. Quit arguing and call esignal.
To state that an ECN cannot provide volume data is laughable.
I would imagine that ANY broker could provide a volume on their own platform, as it would calculate only their own trades. Not to be paranoid, but imagine how deceptive you could be with a DOM display of your own making.
Quote from davidmaria1:
I would imagine that ANY broker could provide a volume on their own platform, as it would calculate only their own trades. Not to be paranoid, but imagine how deceptive you could be with a DOM display of your own making.
KGB is referring to the order book; bids and offers outside BBO. I am specifically referring to the volume histogram charts produced on GTIS HotSpot tickers.
Quote from atticus:
KGB is referring to the order book; bids and offers outside BBO. I am specifically referring to the volume histogram charts produced on GTIS HotSpot tickers.
Then it makes sense. I think, frequently, some of us forget that all our trades/quotes are with our host broker.
Quote from Turhovach:
"Almost all the Forex charts I've seen do not have volume"
That's because there is NO volume reporting mechanism in the Forex market. Forex is NOT a centralized exchange or market like Futures, etc.
Anyone who claims to be reporting volume is offering useless data.
You're correct. FOREX feeds are split between 6 separate INTERBANK feeds. Somes banks use one feed some use more but no single location uses all of them. This means that ANY volume one gets is only related to the feeds it is monitoring . . . not all of them.
The CME and Reuters were in the process of negotiating to merge all of the feeds into one when they (CME) began negotiating with CBOT.
CME's goal is still to offer a feed in the futures which will merge all of the INTERBANK feeds into one.