Well, opened my brokers webpage (wont mention names) who happens to be a “ECN” and what do I see. A download for metatrader4 . I can’t count all the post about people crying how metatrader is for bucket shops and ECN’s are STP. Well it looks to me like more and more ECN’s are going the bucketshop route. Why IMO because this is a business and there is more sneaky ways to make money off customers that way, and the MAJOR buckets have know this for years (we all know who they are). Looks like with all the financial mishap on wall street and with the banks some of the ENC’s are having to find new avenues to make money. If you notice a bit ago the spreads at some these ECN’s have been down right ridiculous, not to mention slapping the commission on the trades. IMO spread widening is one logical way for some ECN’s (NO NOT all) to meet that capital requirement that’s proposed this year. Adding Metatrader 4 will definitely help. Looks like now I will be doing business with two bucket shops instead of one and an ECN. This has not affected any of my trading as of yet, I am still finding ways to make a buck, I just find the irony to be funny.
Just my 2 cents
Happy Trading
Just my 2 cents
Happy Trading
It's me...