Disliked{quote} link no more available. You should merge your posts, it will be clearer.Ignored
From Retail Broker to Prime Broker and WHY 26 replies
Looking For A New Broker Since Boston Prime Went Bankrupt 33 replies
Boston Prime - best broker for Scalpers? 18 replies
Rabobank Prime Broker FX 23 replies
Institutional Prime Broker Relationship 0 replies
Disliked{quote} link no more available. You should merge your posts, it will be clearer.Ignored
DislikedSince most players in this thread seem to be trading in large contract increments, I'm curious about your experience in trading FX futures rather then spot. Typical spread I see on IB for the EUR/USD future contract is at 0.5 for about 10/15M which seems on par with the liquidity on Currenex or even Currenex Big. Granted, those are fixed EUR 125K contracts but then there's regulated central execution, no room for broker mark-ups, low commission, no swap costs and even mini contracts are starting to see some decent liquidity. Am I missing any obvious...Ignored
Disliked{quote} Cause since no body trades illiquid, counter party risky FX futures in the professional world people getting swayed by the OTC argument that they are centralised is just joking themselves, FX futures are used as a hedge for LATAM and NDFs, no one trades EUR USD Futures. Not being a douche but the fact that you believe in fx futures means you dont understand what you are trading / investing in.Ignored
Disliked{quote} CME does more volume in FX than EBS(must be all one-lot pikers, right?). And futures have virtually no ctpy risk since they are cleared and transactions are guaranteed by CME Clearing. Not entirely sure who lacks understanding here..Ignored
Disliked{quote} CME does more volume in FX than EBS(must be all one-lot pikers, right?). And futures have virtually no ctpy risk since they are cleared and transactions are guaranteed by CME Clearing. Not entirely sure who lacks understanding here..Ignored
Disliked{quote} CME does more volume in FX than EBS(must be all one-lot pikers, right?). And futures have virtually no ctpy risk since they are cleared and transactions are guaranteed by CME Clearing. Not entirely sure who lacks understanding here..Ignored
Disliked{quote} At the RBS floor in 135 bishopgate london there's a volume counter for the day. Hits 50 yards everyday.... And nearly all of that flow goes into the banks very own aggregator. Which I know for a matter of fact that EBS is not included in the system.Ignored
Disliked{quote} I just saw EBS Jan2015 at $129.6 billion single count http://forexmagnates.com/icap-plc-re...umps-23-7-mom/ that's spot only one side only.Ignored
DislikedA "dealer" will take the other side of your trade. They make the market. ECN stands for Electronic Communication Network. Nothing more, nothing less. So what many retail dealers do is promote as ECN's because they know you guys think that means they are a true broker. But, the dealer is simply using their OWN version of an ECN which displays their OWN quotes.Ignored
DislikedFor those on this thread that posted about firms being highly regulated and not being able to say something that isn't true, well technically they aren't doing anything illegal because it IS an ECN (Electronic Communication Network) but it's deceptive because it's their own quotes being displayed in a closed environment (not like a broker).Ignored
DislikedAgain, not accurate. A true broker is not a dealer. If they have a dealing desk, they are a dealer not a broker. This will be disclosed. If they have no dealing desk, they are NOT providing their own quotes because they aren't taking the other side of the trade. No supposedly about it and the fact that there is no centralized exchange is irrelevant.Ignored
DislikedAgain, not accurate. A true broker is not a dealer. If they have a dealing desk, they are a dealer not a broker. This will be disclosed. If they have no dealing desk, they are NOT providing their own quotes because they aren't taking the other side of the trade. No supposedly about it and the fact that there is no centralized exchange is irrelevant.Ignored
Disliked{quote} Well there is plenty of brokers out there that make themselves to be NDD but still provide their own quotes to you and take the other side of your transaction. CMC Markets is one and FXCM is another. They are both market makers and do take the other side of your transaction BUT they state they are NDD, non dealing desk. There are even brokers out there who state they are STP DMA ECN but still disclose themselves as taking the other side of the transaction and is a market maker. I think today the meaning of "NDD" today just means they don't...Ignored
Disliked{quote} If there were any doubts before, it should be pretty clear now that FXCM does not benefit when clients lose on our No Dealing Desk (NDD) forex execution. That's because we offset each of your orders one-for-one with the best prices from competing liquidity providers. Those liquidity providers are independent from FXCM, which means we don't profit from your losses, or lose from your profits. Instead, we make money from your trading volume. In fact, with our new super-tight...Ignored
Disliked{quote} WHY being a market maker in the first place if you were going to hedge out the trade anyway and supposedly make 0 profit from it? WHY not just ditch the market making model completely and then just earn purely on commissions? That way, the transparency is there and everything is simple and clear for everyone. No more guessing works. No more doubts, no more disclosures and extra clarifications. Everybody can just concentrate on trading and brokering.Ignored