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Prime of Prime Broker

[quote=plotinus82;8118896]
Quoting M967
{quote} In theory, they only make around 5 bucks a trade. 5 goes to clearing fee at PB 5 normally goes to FlexTrade Probably 2 due to their volume. So that's pretty much their profit ratios.
Do you keep any positions overnight with them and if so, how do they mark up rollover rates?
[quote=actalis;8119430]
Quoting plotinus82
{quote} Do you keep any positions overnight with them and if so, how do they mark up rollover rates?
Well I do and I haven't noticed any weird widening at 10 PM LDN time. Rollover is raw IRS rate - margin financing with PB
This is interesting

http://forexmagnates.com/executive-i...s-at-citibank/
Quoting plotinus82
This is interesting http://forexmagnates.com/executive-i...s-at-citibank/
actually they offer both for institutional clients: credit line and margin. Nothing new but only one thing, is conflict of interests. They mention in agreement possible
Conflict of interests with small retail clients as Citifx pro. Citifx does not have it in their agreement.
Hello All,
There are lots of useful information in this thread from the people who seems to know this type of stuff. I have couple of questions which may sound stupid but no harm in asking, right.

I am in USA, so I was wondering if there is a Prime Broker, Liquidity provider or any other non-retail broker with MT4 terminal. I have developed a moderately successful EA for MT4 so having an MT4 terminal is important.

Do a Prime Broker, Liquidity provider or any other non-retail broker in USA have to stick to FIFO & hedging rules issued by NFA?

Thanks.
Quoting raindrop
Hell All, There are lots of useful information in this thread from the people who seems to know this type of stuff. I have couple of questions which may sound stupid but no harm in asking, right. I am in USA, so I was wondering if there is a Prime Broker, Liquidity provider or any other non-retail broker with MT4 terminal. I have developed a moderately successful EA for MT4 so having an MT4 terminal is important. Do a Prime Broker, Liquidity provider or any other non-retail broker in USA have to stick to FIFO & hedging rules issued by NFA? Thanks....
Change ur EA into a C++ and run it as API on a PoP.
Quoting raindrop
Hell All, There are lots of useful information in this thread from the people who seems to know this type of stuff. I have couple of questions which may sound stupid but no harm in asking, right. I am in USA, so I was wondering if there is a Prime Broker, Liquidity provider or any other non-retail broker with MT4 terminal. I have developed a moderately successful EA for MT4 so having an MT4 terminal is important. Do a Prime Broker, Liquidity provider or any other non-retail broker in USA have to stick to FIFO & hedging rules issued by NFA? Thanks....
How much do you want to invest and reiqirement margin %?
Quoting M967
{quote} How much do you want to invest and reiqirement margin %?
I am willing to start with a low six figure sum as long as the broker is situated in US. I would welcome a suggestion even if starting requirement is higher as I might be able to meet higher limits in future. I am not concerned about margin limit & ok with 50% margin limit. Important thing for me is MT4 terminal and no FIFO & hedging restrictions as I run multiple strategies on a terminal.

Quoting plotinus82
{quote} Change ur EA into a C++ and run it as API on a PoP.
Pardon my ignorance, what is a Pop?

Thank you.
Quoting raindrop
{quote} I am willing to start with a low six figure sum as long as the broker is situated in US. I would welcome a suggestion even if starting requirement is higher as I might be able to meet higher limits in future. I am not concerned about margin limit & ok with 50% margin limit. Important thing for me is MT4 terminal and no FIFO & hedging restrictions as I run multiple strategies on a terminal. {quote} Pardon my ignorance, what is a Pop? Thank you.
could be Citi but they new margin is 4%, You're speaking about 2%. CFH has very good MT4 but not sure if they accept us clients.
Quoting M967
{quote} could be Citi but they new margin is 4%, You're speaking about 2%. CFH has very good MT4 but not sure if they accept us clients.
Prime of prime broker: PoP
Quoting raindrop
{quote} I am willing to start with a low six figure sum as long as the broker is situated in US. I would welcome a suggestion even if starting requirement is higher as I might be able to meet higher limits in future. I am not concerned about margin limit & ok with 50% margin limit. Important thing for me is MT4 terminal and no FIFO & hedging restrictions as I run multiple strategies on a terminal. {quote} Pardon my ignorance, what is a Pop? Thank you.
I see you already with Citi MT4 demo, my advise is don't listen anybody, listen youself, best experience is your own One.
Been onboard FIXI for sometime now anyone want a quick feedback?
Quoting plotinus82
Been onboard FIXI for sometime now anyone want a quick feedback?
Sure. What leverage do they offer? And, 100k deposit and $15/m - is that correct? Can you use multiple platforms concurrently? Did they offer information about their financial situation/stability?
Quoting plotinus82
Been onboard FIXI for sometime now anyone want a quick feedback?
Yeah, week is over, now ready to hear your feedback, wellcome.
Quoting shrike
{quote} Sure. What leverage do they offer? And, 100k deposit and $15/m - is that correct? Can you use multiple platforms concurrently? Did they offer information about their financial situation/stability?
Hi all,

100 k Deposit Min, 1:50 on G4, 1:20 on AUD NZD MYR etc 1:10 on some of the NDFs and 1:5 on the RUB.

You can use multiple platforms concurrently and you'll have a global NoP on the platforms, I've been using only 1:10 - 13 leverage and building soft flows into the market. So far I have realised around 10% of the account, hence, 1% returns, was this really driven by the broker? No not really. But having gone through some of the interesting experiences with this true real PoP, I have noticed that the approach is a lot more professional than most of the guys out there. Lots of the employees are UBS, DB alumnus so they kind of know what they're doing.

In terms of financial situation and stability, they said a few clients were caught on the SNB but it's not a worth while figure for them to pursue. Their company at any one time holds around 12 Million pounds in their own company accounts, not segregated accounts, seems quite stable.

Spreads are OK, but not as good as what the demo quoted, sometimes a pip on cable when demo is at 0.5, fine by me because these are just institutional floating spreads + the ECN within Currenex.

I think it's quite good, not bad at all and 15 bucks is a fair commission.
Quoting plotinus82
{quote} Hi all, 100 k Deposit Min, 1:50 on G4, 1:20 on AUD NZD MYR etc 1:10 on some of the NDFs and 1:5 on the RUB. You can use multiple platforms concurrently and you'll have a global NoP on the platforms, I've been using only 1:10 - 13 leverage and building soft flows into the market. So far I have realised around 10% of the account, hence, 1% returns, was this really driven by the broker? No not really. But having gone through some of the interesting experiences with this true real PoP, I have noticed that the approach is a lot more professional...
Partial order execution?
Quoting M967
{quote} Partial order execution?
Partial or IOC, you can choose all options.
Quoting plotinus82
{quote} Partial or IOC, you can choose all options.
So what is average spread on euro/$ 1 Mio, 5 mio on live feed?
Quoting M967
{quote} So what is average spread on euro/$ 1 Mio, 5 mio on live feed?
0.5 - 1

EUR is the very liquid pair they have 150 - 200 mlm of liquidity within 5 pips at any point of time
Quoting plotinus82
{quote} 0.5 - 1 EUR is the very liquid pair they have 150 - 200 mlm of liquidity within 5 pips at any point of time
Any rejactions? Speed of execution? Last look window?
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