ATC Brokers

wanted to update you all.

ATC now use FXCM as there data source, yes I know FXCM!

They're still an ECN with the $8 (per 100K) round trip commission. I have been using their demo this week and sent in an application form to start an account once they start taking new customers again.

I have to say from what I have seen on the demo the Spreads and feed is unbelievable! A massive improvement from the end of Hotspot. Spreads on EUR/USD have been 0 -.2 -1 pip most times of the day even in Asian session 1 pip and under! And the Yen crosses have been very tight!

I am very happy about this and pumped up to start trading live. I know once we are live we can see the real deal...

min account balance is now US$5000
min order size still 10,000
Max leverage is still 100:1

Still an ECN feed straight in to MT4

Cheers,

Attached is a screen shoot of EUR/USD spread

Hi,

you are sure FXCM is the feed for ATC now? I had heard of HotSpot Retail being sold to FXCM but wa wondering if in fact it had occured.

If confirmed would you be so kind as to check what your BID ASK price was on USD CHF for March 05 at 16:58 to 17:02 (UTC- 5 hrs timezone)?

Thanks in advance

in all the e-mails i've sent to them they never mentioned they are not taking clients at this time. thats strange. I hate companies that leave random things like that out!

Yeh moved to FXCM mate

One of their emails to me

To all of ATC's valued customers:

We are currently in process of switching our existing LIVE accounts with Hotspot over to FXCM. Once we have this set up complete, we will begin accepting applications to open an account.

Below is additional information containing details of the switch from Hotspot over to FXCM:


Knight Capital Group, (conglomerate owner of HotSpotFX), announced Hotspot FX retail operations will move to FXCM by February 13, providing final regulatory approvals.

This will have some temporary impact on the growth scheduled in the immediate, but should also benefit in accelerating our entry of new traders as we cross over the middle part of February and its closing weeks. ATC had gone to encouraging lengths to evaluate the FXCM ECN API connection and FXCM's commitment to operations reliability. We understand the concerns of traders in relation to FXCM and its past place in the industry; however ATC will only connect to true ECN model and nothing less. FXCM, assures us to this and ATC will be including other connection and liquidity options in coming months, so we need not pose traders without having future options..

We have looked at FXCM Live ECN pricing and it is a considerable improvement over that which we have seen at HotSpot FXr, and the MT4 options and supports for ECN operations at FXCM are improved as well.

-Leverage: 100:1
-Minimum to open $5,000
-Min Lot size: 10K


Our first goal is to assure traders the ATC MT4 will continue in it's deployment and in the most raw sense, a change in the underlying provider base will take place, we are committed must bring improvement and further our options over time.

ATC is beginning sampling market data and preparing to test real execution to confirm spreads, fills and other functionality at FXCM. We are seeking confirmation that the same ECN execution quality, anonymity and volume/fill potentials would remain comparable. We are encouraged that spreads would be improved and remain a reliable offering of deep liquidity, no dealing desk and without concern of the provider taking the other side.

The decisions ATC makes will continue to advocate on behalf of the trader, that cost alone will not dictate ATC's decisions, where quality and support must not be sacrificed. Even that our traders "could" experience some downtime, depending on decisions traders will make, ATC will continue moving in directions that increase trader options and make the best use of our system design flexibility.

We will continue to inform traders of progress and normal lines of communication with ATC, will remain open throughout.

Sincerely,



ATC Brokers
Futures l ForexPro
toll free:877.654.8400
main: 818.545.8400
fax: 818.545.8410
web:www.atcbrokers.com

That swissy quote...

I will get next week when market is open..

I had to push them for it....

I spoke to an employee there and he told me as they just moved to FXCM feed they want to see how it goes. They're moving all the exsisting clients over ATM.

Here is the email I got today:

Hi Joseph,

As mentioned in the previous email, once we switch over our existing clients and get them set up, we will notify traders via email with an update. At that time we will begin to accept applications.

Regards,

Jen Claudio
Accounts Dept.

ATC Brokers
Futures . ForexPro
toll free:877.654.8400
main: 818.545.8400
fax: 818.545.8410
E-mail:[email protected]
web:www.atcbrokers.com


I am waiting I feel it's worth it.

MT4 with ECN that's a good combination hope it will live soon

hope so...fxcm didn't fill an order of mine for 40k on a major citing lack of liquidity....

certainly got me thinking I tell you....

If FXCM bought HotSpotFx and ATC's feed was from HotSpotFx does that now mean that ATC's feed is provided by FXCM? If thats the case-can ATC be far behind on FXCM's buyout list?It has been many many months since this ECN MT4 platform was introduced and still not taking customers. It is this very link to FXCM(not to mention that every price im quoted coming from FXCM)that would prevent me opening live account with ATC.Thats if they ever accept another live client again? I even closed my demo account at ATC based on this news. If u cant trust the feed there is no point in trading with that Broker. Sad day for me.

Here is info from ATC

http://www.atcbrokers.com/forums/vie....php?f=22&t=54

Hey, it took me 10 minutes to go over this very long announcement...
I don't understand...all this words just to say that that their MT4 has FXCM pricing and that they introduce clients to FXCM?

As far as I know FXCM is up an running with MT4 from ages, here it looks like these guys are running cape canaveral space control....

Re: Update on ECN fill delays / slippage

http://www.atcbrokers.com/forums/sty...ost_target.gifby Admin on Wed Apr 08, 2009 4:57 pm
At the time of this writing, traders have been waiting on a solution to late fills and slippage, due to publish this afternoon, which at this time FXCM has been unable to respond with a completed solution, with no following confirmation from FXCM on their current disposition, despite numerous requests by ATC.

Live traders have experienced widening spreads and late fills, occurring on the FXCM afternoon or Asian sessions on mostly Euro based symbols. ATC has completed our code side of implementing the FXCM Range/IOC order handling system to address this concern. However FXCM has shown since testing began Monday, to not be capable on their side of assuring their order processing method and slippage outside of target was demonstrated to continue in testing Monday.

This effect is resulting in ...

A) as much as 2% of trades filling beyond a 30 second window of time
and
B) slippage on the FXCM network where FXCM is still permitting slippage past the extent submitted to allow.

The result of a fill beyond 30 seconds becomes a threat of slippages or becomes a "Dis-integrated" order from the MT system and remains on the FXCM network as an "unaccountable" fill, in the client's account, setting off alarms in the ATC backoffice to allow for manual intervention of the order. Not a perfect solution but then ATC believes there should not be a brokerage option to "indefinitely" suspend an order fill.

The difficulty in getting this order process completed with FXCM has been a troublesome problem for ATC and our traders, to the degree we're beginning to consider arbitrary cancels of delayed orders or automation to process invoicing of late fill losses forward for refunds.

We're more than understanding of technical issues as any developer, however the time and effort lost, lack of response, follow-through and otherwise lack of SOME measure of progress, always begins to tell a story bigger than just the underlying problem, despite many good things FXCM has done with ATC to date.

We're forced at this point to only assume FXCM is wagering to fix their problems over the coming weekend and at this point we apologize we are not able to provide any additional information to traders, until we post here further.

More will follow as we are able. Traders should "subscribe" to this thread to be notified by email.

Thank you

ATC Brokers - Support

I really like the people at ATC but never trusted the FXCM side of their equation. Now I am sure my instincts were spot-on. Sounds like they are saying they cant quite make their order routing work as advertised(in an orderly and timely fasion?). Hope they work it out-hate to see good folks get burned before they even begin.

If you are having problems with ATC broker fills, then why wouldn't you go directly to FXCM? ATC brokers are a white label of FXCM and when you factor in the commissions that they charge, you are actually paying MORE at ATC than at FXCM directly (no commission).

ATC is just like Fastbrokers in that they claim to offer this 'ECN, NDD, STP' model for 'enhanced execution' but in actuality just white label some bucketshop FCM and throw the words 'technology, bridge, ECN' on there website..

Don't be fooled guys -- If you don't need MT4 and have $20k to play with, use a reputable CNX broker.

First of all, I don't believe ATC is just another bucketshop. I think they are trying hard to become a safe and reputable broker. However, I do believe they are making a mistake relying upon FXCM's hardware and software feeds.

Those of us who DO NOT have $20,000 to play with need a reliable alternative, so, BostonForex, who do YOU recommend???

Thanks.

These are my feelings exactly. Hope they succeed in fixing their feed issues soon.

words of a clueless man right there....

if u had the demo you would know what the fuss is about... off u go to FXCM and enjoy the games I am happy to wait on a quality ECN broker to be ready for my account.

shsssssss.........

Could somebody please clarify for me...if ATC is using FXCM data, does that mean FXCM and ATC charts are identical? I have been charting with ATC for awhile and I am noticing some strange things lately on 1 min charts...like a whole bunch of bull candles in a row without a single bear candle, with erratic openings all over the place. I'm confused as to how an ECN could use a bucketshop's data and still be an ECN. Any input would be much appreciated.

ATC was offering an MT4 bridge to Hotspot FXr. Hotspot FXr was bought by FXCM and their clients were merged onto FXCM's Active Trader ECN platform (different platform from the vanilla FXCM bucketshop feed). ATC is now offering an MT4 bridge to FXCM Active Trader.

ATC is just an introducing broker, a few guys running a whitelabel shop. Their FX Institutional has been "coming soon" for 2 years..

Gotcha, thanks. I was unaware that FXCM had an ECN setup.

Re: Updates FXCM - Slip, fill delays, system updates (cont)

http://www.atcbrokers.com/forums/sty...get_unread.gifby Admin on Tue Apr 28, 2009 9:41 am
This communication reviews process regarding Market Range order type which was to go online this week, to support slippage control and reduce delayed fills. Following testing with FXCM on maintaining market range last week, (tested in a demo setting), FXCM reported having updated the process to the live environment over the weekend.

Monday morning, April 27, ATC confirmed with FXCM, the update had been put in place on the FX live environment. Upon our following in kind at 17:00, ATC installed its matching update which grossly failed to process in live and was reverted immediately.

Upon contact to FXCM to determine the cause of errors encountered, ATC was informed by FXCM management that FXCM had in fact not updated their live environment, as a result of complications their demo testing was having with other parties connecting to them.

At this time, ATC is left to assume that next Monday, FXCM will try again to resolve this issue. However, without the willingness of FXCM ownership to come forward and commit to a more complete solution, ATC remains concerned that even among the limited benefits of Range IOC slippage control, absence of true "Depth of market fills" will find traders with numerous partial fills or order rejections. Range IOC is at best, a limited approach to the problem of managing liquidity or proper design of true ECN behavior.

It is regrettable we learn of these limitations well after accepting FXCM's commitment to provide reliable quality of fill capability. It appears that FXCM is likely caught in a technology vacuum it's management or ownership is unable to find lasting solutions for, short of creating a new ECN they may hope to control more reliably. In short, FXCM appears to be trying, but continuing to run into a barrier of technology as so many firms have in acquired or custom solutions.

ATC will update here further, of any information we might learn on this from FXCM.

If there is something positive to share, spreads have improved on most of the desired target symbols, sustaining so far even on the evening EST sessions.