Just in case some Australian traders were looking for a new broker. Don't know whether this will keep on going but www.gomarketsaus.com have got a great currenex ECN feed into their MT4 trading platform.
Unlike other ECN brokers they also do NOT charge me any fees.
Below is a screen shot of market quotes so you can see for yourself what the quotes of the biggest pairs were, 3 hours into the NY session. The quotes are significantly wider than yesterday's quotes. Quotes could be wide as the NFP is coming up tomorrow, and we all know that institutions pull their offers out of the market causing spreads to widen in an ECN environment.
I'll update if the feed gets any better / worse over the coming weeks.
Added: I have recently realised that this that they are variable spread but not ECN, however, their variable spread would competetive with ATCBrokers (ECN), if ATCBroker's commission was converted into a pip value. However, MBTrading when up and running would still be better than GoMarkets.
Unlike other ECN brokers they also do NOT charge me any fees.
Below is a screen shot of market quotes so you can see for yourself what the quotes of the biggest pairs were, 3 hours into the NY session. The quotes are significantly wider than yesterday's quotes. Quotes could be wide as the NFP is coming up tomorrow, and we all know that institutions pull their offers out of the market causing spreads to widen in an ECN environment.
I'll update if the feed gets any better / worse over the coming weeks.
Added: I have recently realised that this that they are variable spread but not ECN, however, their variable spread would competetive with ATCBrokers (ECN), if ATCBroker's commission was converted into a pip value. However, MBTrading when up and running would still be better than GoMarkets.
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