As for me, I would choose only ECN.
Cheapest ECN Comissions - Vantage FX ECN 10 replies
Leaves of Grass 28 replies
ECN vs Market Makers 1 reply
DislikedSo I am wondering of those that have been with them .... how good their execution is , etc., They also do allow scalping. Thanks ut2DaMaxIgnored
DislikedADMd's currenex platform for positions larger than 500,000.Ignored
DislikedI have traded futures but not currency futures. However if you look at currency futures there is a compelling arugument that would eliminate almost everything people hate about spot forex:
2. market depth
3. centralized exchange
4. guaranteed accounts (no refco)
5. options as a hedging instrument
7. true market pricingIgnored
DislikedI think this might be one of the worst and uneducated statements written on this thread.Ignored
Disliked3. centralized exchange - yes, but how does this make it better.
Your post is out of line. Phil's points are from the perspective of traders, as in everyone here. And this is a discussion about market makers/dealing desks, not the entire spot market.
Yes if you're an interbank desk, the liquidity & depth in the CME is not comparable to EBS. Phil was not disputing that. We're talking about traders, and what's potentially better for them. I know traders who place >100 lot trades through the CME day in and day out and, I haven't heard complaints about lack of liquidity.
If you even have to ask, then you haven't done your homework.Ignored
DislikedI am sorry that you think my post is out of line.Ignored
DislikedHowever, and you have to admit this is rarely the case during the Asian market.Ignored
DislikedThe other thing is I still doubt that ECN's dont run a book (meaning they still book trades and run risk.)