Over 1 million in capital to trade with???
- Thread starter brandonr008
- Start date
I think this something related to your post.
I had a discussion with a person who has 15 years of forex experience (do not remember correctly).
His 2 sons are forex traders. He has invested with 1 or 2 forex managers but he is still looking for more reputed forex managers to invest his money. There are other experienced forex traders who search for reputed forex managers. I cannot write all the information here.
How exactly is "being able to fill at a better price than the best available price" any different from anyone else's internalization? What difference does it make whether you call it a "first look", "second look", or "100th look"? Any way you slice it, it still looks to me like internalization -- and I'd say most decidedly not best execution for the market as a whole, and quite possibly not even for the client, either, as it widens overall spreads due to the increase in adverse selection for other participants that don't have their own clients to trade against.
def
Sponsor
in a game where milliseconds count and liquidity is available on multiple exchanges it makes a big difference. Execution quality is a huge factor that is discounted by many participants who are penny wise and pound foolish. The execution differences are real and for those who think over wise could be leaving significant amounts of money on the table.
Brandon,
Are you shilling for mastertrader?
Are you shilling for mastertrader?
That's a bit of a non sequitur. So you're changing your tune to "IB's internalization isn't as bad as the other guys'? Not only am I inclined to agree with this, but that was what I said in the first post to which you replied with vehement denials.
Whether "internalization" or "less-bad internalization", in my opinion it's still bad, and indeed you can find dozens of treatises to this very effect dating back over a decade written by none other than IB itself and its founder.
Inherently, there is a potential for conflict of interest in firms that may trade against their own clients at their own discretion, whether you want to call it internalization, "price improvement", or "stardust from the securities fairy". I favor using firms that don't, of which there are a significant number for $1M, high-volume clients, possibly such as the OP of this thread.
def, I admire your loyalty to your employer and, as I said before, I sincerely respect IB and its founder. But I won't be using IB until they either split off the Timber Hill unit under separate ownership or close it down, which isn't really so unthinkable considering how much more competitive the market making space has become in recent months.
I was very long gold and silver for a while. No more. Stupid beginners like you must blow up first, then I can buy again.
You are 100% wrong about inflation. There is no inflation now, and will be no inflation for at least a decade. The US$ is my biggest long for next year, most likely all of next year.