Liquidity - slippage at retail brokers | Forex Factory

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Liquidity - slippage at retail brokers

  • #1
  • First Post: May 8, 2007 9:16am May 8, 2007 9:16am
Hi!
Most (retail) MM set their one trade max size about 10M EUR or USD.
Is here Somebody who has experience with frequently traded more than 1M EUR stake in the NY session?
If yes, please tell me about the execution. (Trade size, slippage, order type...etc) If You don t want to appear publicly, just send a PM, please.
Currently I daytrade with O a n d a, and still satisfied, but don t want to be "suprised" when I start to trade with bigger stakes.
Please, just answer if You trade real account.
Thanks,
Laszlo
  • #2
  • May 8, 2007 9:26am May 8, 2007 9:26am
hm..so you plan to trade more than that? Congratulations!
  • #3
  • May 9, 2007 2:08am May 9, 2007 2:08am
It is possible, I am just rich and crazy, isn t it? And in that case I did not serve the congratulations.
  • #4
  • May 9, 2007 2:18am May 9, 2007 2:18am
The question is too general. Depends on a particular dealer. I don't usually have any slippage or other unwanted complications with 10 mio contracts.
  • #5
  • May 9, 2007 3:23am May 9, 2007 3:23am
Quoting Igrok
The question is too general. Depends on a particular dealer.
That is why I asked You to specify.
I don t think there are two man who use the same way..
Which broker You use, You play with market orders or with limits.?....etc..
  • #6
  • May 9, 2007 3:51am May 9, 2007 3:51am
Quoting lacika
That is why I asked You to specify.
I don t think there are two man who use the same way..
Which broker You use, You play with market orders or with limits.?....etc..
You don't get it, do you? Liquidity has nothing to do with up to 10 mio contracts. Such trades are always liquid on majors and mostly are backeted by a dealer. The accuracy of execution of such positions depends only on the dealers' greed, who can shift it one way or another. Limits have to be executed at the price if EBS shows it being traded, but stops may have some slippages. For a bucket shops all slippages are artificial because there is no real market behind them and everything depends on how the trading platform software is programmed by the house.
  • #7
  • May 9, 2007 5:29am May 9, 2007 5:29am
Quoting Igrok
Liquidity has nothing to do with up to 10 mio contracts. Such trades are always liquid on majors and mostly are backeted by a dealer. The accuracy of execution of such positions depends only on the dealers' greed, who can shift it one way or another. For a bucket shops all slippages are artificial because there is no real market behind them and everything depends on how the trading platform software is programmed by the house.
And we arrived to the main point: I think we just can trade through such "bucket shops" on our financial level.(Correct me, please, if I have another opportunity!)
So, who has real experience, and what is that with his, hers "bucket shop"?
I like my broker, because I can trade as I like and the results are constants.
But I want to do it with "+ a 0", and I hope it is not change anything.
  • #8
  • Last Post: May 9, 2007 3:44pm May 9, 2007 3:44pm
Quoting lacika
And we arrived to the main point: I think we just can trade through such "bucket shops" on our financial level.(Correct me, please, if I have another opportunity!)
So, who has real experience, and what is that with his, hers "bucket shop"?
I like my broker, because I can trade as I like and the results are constants.
But I want to do it with "+ a 0", and I hope it is not change anything.
I usually negotiate my deals with dealers in advance to know exactly how my trades will be executed. I would recommend you to do the same.
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