Cheapest ECN Comissions - Vantage FX ECN 10 replies
Leaves of Grass 28 replies
ECN vs Market Makers 1 reply
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 do not see a problem with any of those trading spot forex but then again, I do NOT use a FIXED SPREAD BROKER.Ignored
DislikedWhat is the intra day leverage up to these days?Ignored
DislikedThanx to FXO. Really interesting...
Usefull thread. Many important questions but no answers
I guess everybody went to trade futures on CME and stopped posting here
I'm curious about liquidity on ECN's too. If it makes no sense to discuss ECN cause it's software, may be we can discuss prime brokers. Does anybody has some information?Ignored
DislikedI am demoeing a futures platform right now for trading globex/CME. Intraday requires about $850 margin required for 1 pound contract. The futures contract equates to about $12.50 per pip. Overnight Margin is about 2x the intra day. Still very impressive leverage. About 150:1 intra day and 75:1 overnight. As much levergae as I could ever ask for.
The Spread on the pound is mostly 1 pip, sometimes 2 and sometimes 0 but mostly 1. Commision is about $8 per round turn. Obviously this is much much cheaper than trading retail Forex.
For intraday guys trading standard lots. It seems to be the only way to go. Trading odd hours, large size would probably not work out.
Of course the fills are instant and it is centrally cleared. So no funny business. A very interesting option.Ignored
DislikedAt the risk of sounding like a nitpicker....it's 1 tick, not 1 pip. A pip has a specific value assigned to it and it may or may not be close to a tick. If we are all going to run to the futures market we need to learn to talk the talk.Ignored
DislikedWhat do you want to know about prime brokers? Myself or Turbokaos could probably answer your questions.Ignored
DislikedOdd hours - all hours excluding american session? Does the spread widen during these hours?Ignored
DislikedThe very simple question: Who are they, prime brokers providing ECN?
I found a list of prime brokers on Currenex web page. Most of them are world largest banks. It's hard to find information about FOREX on their sites, I've checked some. And also many of them offer their proprietary systems for customers, not multi-bank platforms (ECN). Even if they provide ECN, how can I learn about liquidity there? Retail FX brokers are well-discussed on a bunch of online forums, but it's not the same thing about prime brokers. Why? No one claims?
thanx in advance
P.S. It would be better to talk about certain names but I'm not sure if I can post them here according to the rules of forum, cause I've got less then 50 messages.Ignored