Currenex for Retail Clients... | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What is Currenex? 13 replies

What are the options for trading on CURRENEX for a retail trader? 4 replies

Currenex and MT4? 35 replies

Currenex 9.0 1 reply

Platforms Compatible with Currenex 0 replies

Attachments: Currenex for Retail Clients...
Exit Attachments

Currenex for Retail Clients...

  • #41
  • Jan 27, 2008 2:41pm Jan 27, 2008 2:41pm
Quoting SkYliNe0511
BostonFX said next Friday (Feb. 1, 2008).
I don't see wthat the big fuss is all aoubt you download the demo version
of the VIking Trader at Aaron Trading
  • #42
  • Jan 27, 2008 4:49pm Jan 27, 2008 4:49pm
Quoting candaguy2007
I don't see wthat the big fuss is all aoubt you download the demo version
of the VIking Trader at Aaron Trading


No mention of a Viking Trader demo at aaron trade. I hope they're not related..
  • #43
  • Jan 28, 2008 8:18am Jan 28, 2008 8:18am
Quoting Trader KGB


No mention of a Viking Trader demo at aaron trade. I hope they're not related..
I also didnot see Viking Trading Platform mentioned at Aaron Trading I'll just wait for fellow trader BostonFx to give the heads-up on Viking Trading Platform

Bhudasa
  • #44
  • Jan 28, 2008 9:33am Jan 28, 2008 9:33am
Images of the platform on the Aaron website bore little resemblance to the screenshots Boston posted earlier in this thread.

No hurry. I can wait 'till friday.
  • #45
  • Jan 29, 2008 3:20pm Jan 29, 2008 3:20pm
Quoting opie999
Images of the platform on the Aaron website bore little resemblance to the screenshots Boston posted earlier in this thread.

No hurry. I can wait 'till friday.
You guys really making me laugh..i can hope your more diligient in your
trading..

here is the link..you can download the Viking Trzdder without hvaing to kiss someone's ass for a copy....

http://www.aarontrade.com
  • #46
  • Jan 29, 2008 3:33pm Jan 29, 2008 3:33pm
Quoting candaguy2007
You guys really making me laugh..i can hope your more diligient in your
trading..

here is the link..you can download the Viking Trzdder without hvaing to kiss someone's ass for a copy....

http://www.aarontrade.com
There is no mention on that site of a Viking Trader platform, nor of a Currenex retail account.

Also, Aaron Trade is an IB for ADM, whose Currenex hub I would avoid like the plague (I speak from personal experience).
  • #47
  • Jan 29, 2008 4:07pm Jan 29, 2008 4:07pm
No ass-kissing. I'm already demoing four different platforms so I'm simply in no hurry. I'll wait until friday to see what Boston has in store. Thanks anyway, canadaguy.

Thanks, KGB. Good info.
  • #48
  • Jan 29, 2008 6:17pm Jan 29, 2008 6:17pm
Quoting Trader KGB
There is no mention on that site of a Viking Trader platform, nor of a Currenex retail account.

Also, Aaron Trade is an IB for ADM, whose Currenex hub I would avoid like the plague (I speak from personal experience).
whats wrong with adm currenex hub
If I Go Broke Trying Then I Will die happy.
  • #49
  • Jan 29, 2008 6:37pm Jan 29, 2008 6:37pm
Quoting Moe
whats wrong with adm currenex hub
A bit dated screenshot, but this was typically the case. UJ never fell below 3-pips. After several calls to VPs at ADM, the spread on UJ was magically lowered to 2-pip (only occasionally). Not very competitive compared to 0.5 pip on IB & Duka, with lower commissions to boot.
Attached Image
  • #50
  • Jan 29, 2008 6:46pm Jan 29, 2008 6:46pm
Quoting bugscoe
And I'm sure in a "broader sense" you and I are also related if we go back far enough. But we aren't sharing any meals together at any family get togethers.

If the interbank market is where the banks and other traders swap currencies, who are you swaping currencies with at a market maker?

Correct, the market maker.

I'm not sure what point you're trying to make but mine is there is a huge difference in doing bizz with a MM rather than having direct access to other traders via an exchange or the interbank market.
I have read in a few Forex books that the interbanks are the market makers. or the interbank market sets the price for every one else based on their currency swapping. at a job interview with a retail broker (dealing desk) I spoke about that with the sales executive he told me that the interbank market is were they get there quotes, they make the market. they are powerless to offer lower spreads if the interbank market is offering a bid ask of 8pips for example.

regards to equity exchanges I think you are right the exchange is just that an exchange the players are the market makers as they are the force buying and selling. your broker just fill/sells orders for u for a fee.

cheers
  • #51
  • Jan 29, 2008 8:49pm Jan 29, 2008 8:49pm
Quoting Trader KGB
A bit dated screenshot, but this was typically the case. UJ never fell below 3-pips. After several calls to VPs at ADM, the spread on UJ was magically lowered to 2-pip (only occasionally). Not very competitive compared to 0.5 pip on IB & Duka, with lower commissions to boot.
look like they are padding the spreads. thanks
If I Go Broke Trying Then I Will die happy.
  • #52
  • Jan 31, 2008 12:53pm Jan 31, 2008 12:53pm
Quoting Trader KGB
A bit dated screenshot, but this was typically the case. UJ never fell below 3-pips. After several calls to VPs at ADM, the spread on UJ was magically lowered to 2-pip (only occasionally). Not very competitive compared to 0.5 pip on IB & Duka, with lower commissions to boot.
Just so everyone is clear here, ADM Derivatives offer 2 different price feeds:

1. Clean Feed- This price feed on the Currenex platform is offered to only true institutional traders by ADM's standards (ie. corporations, hedge fund managers, FCMs, CTAs, etc.)

2. Marked Up Feed- This price feed is offered to traders who come in "off the street" per say. Traders with a 6-figure account and are considered by ADM as larger retail level traders.

One way to ensure that you receive the clean feed is to use an IB that already has a significant client base trading at ADM.

BTW: For all those waiting for a Viking Trader Demo, I have a limited supply and will be sending out the first batch tomorrow to a select group here at forex factory.

I expect to receive another batch of demo accounts by this time next week.
  • #53
  • Jan 31, 2008 1:05pm Jan 31, 2008 1:05pm
if i was to go thru aarontrade will i get the clean feed.
If I Go Broke Trying Then I Will die happy.
  • #54
  • Feb 1, 2008 1:11pm Feb 1, 2008 1:11pm
Quoting BostonForex

BTW: For all those waiting for a Viking Trader Demo, I have a limited supply and will be sending out the first batch tomorrow to a select group here at forex factory.

I expect to receive another batch of demo accounts by this time next week.
Hi, BostonForex,

Have you sent first demos yet? Any news on when it will become available?
  • #55
  • Feb 1, 2008 1:22pm Feb 1, 2008 1:22pm
Quoting DrainBamage
Hi, BostonForex,

Have you sent first demos yet? Any news on when it will become available?
I have sent what I have; like I said, I only have a limited supply.

Check your email

I will have more by next week.
  • #56
  • Feb 1, 2008 2:59pm Feb 1, 2008 2:59pm
I don't completely understand the strategy of offering limited demo accounts. Wouldn't it make more sense to allow anyone to sign up so as to more widely advertise the product?
  • #57
  • Feb 2, 2008 8:20am Feb 2, 2008 8:20am
Quoting BostonForex
2. Marked Up Feed- This price feed is offered to traders who come in "off the street" per say. Traders with a 6-figure account and are considered by ADM as larger retail level traders.

One way to ensure that you receive the clean feed is to use an IB that already has a significant client base trading at ADM.
I did go through an IB, I guess it was the wrong one. In any event, ADM and/or their IB partners should be more upfront about which feed they're offering.

In the spirit of full disclosure, why not let everyone here know which feed this Viking Trader is going to be using?
  • #58
  • Feb 2, 2008 9:31am Feb 2, 2008 9:31am
Do I have to open a live account in order to get a feed? I see a chart but no data. When I go to Help>Download Help Files, nothing happens.

There are one or two cool features to this platform but other than that I have to say I'm pretty underwhelmed. It needs a lot of improvement before it can compare to MT4. A lot.
  • #59
  • Feb 4, 2008 11:40am Feb 4, 2008 11:40am
Hi Boston Forex,

Thanks for your email and demo account. Platform looks interesting but is not very stable at the moment and not many settings can be changed. Also, there is no sign of commissions and no level 2 (may be I just missed it), is it going to be a market maker type of broker with fixed spreads?
  • #60
  • Feb 4, 2008 11:55am Feb 4, 2008 11:55am
DrainBamage,

Are you getting any kind of price data feed?
0 traders viewing now