GAME OVER for FX dealers ?

marketsurfer · Dec 11, 2003

my search thru the fx dealer maze has FINALLY found something new and different in the FX world. it is my contention that FX dealers will not be able to compete against this new system that provides 1-1.5 pip spreads across a spectrum of pairs. this is exciting and ........

is the future---

www.coesfx.com

let me know what you think.

best,

surfer

estrader · Dec 11, 2003

Quote from marketsurfer:

my search thru the fx dealer maze has FINALLY found something new and different in the FX world. it is my contention that FX dealers will not be able to compete against this new system that provides 1-1.5 pip spreads across a spectrum of pairs. this is exciting and ........

is the future---

www.coesfx.com

let me know what you think.

best,

surfer

How much is know of them? Are they a serious house or some boiler room type shop? Sounds very interesting otherwise.

marketsurfer · Dec 11, 2003

Quote from estrader:

How much is know of them? Are they a serious house or some boiler room type shop? Sounds very interesting otherwise.

the spreads are the same as interbank ( EBS). this is the first ECN in the forex market. i am convinced it is the future of this market.

best,

surfer

WinSum · Dec 11, 2003

Have you seen this ?

http://www.nfa.futures.org/news/newsRel.asp?ArticleID=1185

They came into compliance this month, but there are no details on what cause the NFA emergency enforcement action or how coes fx got back into compliance.

SethArb · Dec 11, 2003

this has been done before ....

I even had an account at an FX firm a few yrs ago
that gave me the ability to
tighten the spread in the spot market.... not sure what happened to the firm

I now trade on globex futures when I trade FX

and can tighten the spread to 1 tick if needed

I do pay $4.80 RT with my broker ....

ditt · Dec 11, 2003

you can go to moneytec.com and do a search for coesfx,theres quite a few mentions of them.

swoop[TR] · Dec 11, 2003

Marketsurfer;
GFTForex offers the same deal, it's called ITX Execution and basically you can make your own market.
How's trading FX going otherwise?
November results are in for GFT.

marketsurfer · Dec 12, 2003

Quote from swoop[TR]:

Marketsurfer;
GFTForex offers the same deal, it's called ITX Execution and basically you can make your own market.
How's trading FX going otherwise?
November results are in for GFT.

thanks swoop. is ITX based on the ECN model or does GFT's desk take the opposite side of the trade ?

i am not trading untill the first of the year. thanks for the info !

surfer

marketsurfer · Dec 12, 2003

Quote from WinSum:

Have you seen this ?

http://www.nfa.futures.org/news/newsRel.asp?ArticleID=1185

They came into compliance this month, but there are no details on what cause the NFA emergency enforcement action or how coes fx got back into compliance.

wow ! thanks for the information. there is an article in the latest SSF magazine on the firm that paints them in a good light.

surfer:eek: :eek:

marketsurfer · Dec 14, 2003

Quote from swoop[TR]:

Marketsurfer;
GFTForex offers the same deal, it's called ITX Execution and basically you can make your own market.
How's trading FX going otherwise?
November results are in for GFT.

does ITX act an an ECn or are you trading against the desk ?

what was the winning percentage in the challenge ?

surfer