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Where brokers connect?

  • #1
  • First Post: Jul 18, 2008 6:40am Jul 18, 2008 6:40am
Hello,

I want to know where all the brokers connect to see on their platforms the real price. For ex: @ fxcm i see 1.5760 and on odl i see 1.5756.. one it's faster than the other.. and i want to know why.. if somebody could explain this...

I know that this it's common use by "lag" but this lag it's annoying and i want to know why it's happening. I thought that one broker it's connected @ i don't know bank and the other @ other bank.. but how?

If anyone could tell me where all the brokers are connected i would very appreciate.

Thank you,

eye4spot
  • #2
  • Jul 18, 2008 11:24am Jul 18, 2008 11:24am
Quoting eye4spot
Hello,

I want to know where all the brokers connect to see on their platforms the real price. For ex: @ fxcm i see 1.5760 and on odl i see 1.5756.. one it's faster than the other.. and i want to know why.. if somebody could explain this...

I know that this it's common use by "lag" but this lag it's annoying and i want to know why it's happening. I thought that one broker it's connected @ i don't know bank and the other @ other bank.. but how?

If anyone could tell me where all the brokers are connected i would very appreciate.

Thank you,

eye4spot
If you can call this a 'lag' then i would be a billionaire

It is not a matter of one being faster then another...
  • #3
  • Jul 18, 2008 3:17pm Jul 18, 2008 3:17pm
Quoting eye4spot
Hello,

I want to know where all the brokers connect to see on their platforms the real price. For ex: @ fxcm i see 1.5760 and on odl i see 1.5756.. one it's faster than the other.. and i want to know why.. if somebody could explain this...

I know that this it's common use by "lag" but this lag it's annoying and i want to know why it's happening. I thought that one broker it's connected @ i don't know bank and the other @ other bank.. but how?

If anyone could tell me where all the brokers are connected i would very appreciate.

Thank you,

eye4spot
Hire a hacker and hack into their respective server to trace their data feed connection.
  • #4
  • Jul 18, 2008 4:46pm Jul 18, 2008 4:46pm
Quoting Zen
Hire a hacker and hack into their respective server to trace their data feed connection.
No imagination some people, hire a hacker and hack into their respective server and stream your own prices.

Sheeesh Zen, do I have to teach you everything bro/Bro?

....ooops, nearly forgot the ""
  • #5
  • Jul 19, 2008 3:02am Jul 19, 2008 3:02am
Quoting lostinspace
...stream your own prices....
... I said that??

Oh, s**t, your above average IQ overload...
  • #6
  • Jul 19, 2008 3:29am Jul 19, 2008 3:29am
Quoting Zen
... I said that??

...
No you didn't say that, I added it on the end of your hacking servers plan. C'mon Zen, try to keep up!

Are you sure we're related, it must have been a defective gene if we are!

  • #7
  • Jul 19, 2008 8:16am Jul 19, 2008 8:16am
so.. what's the answer..

where they connect the have that price?

thank you!
  • #8
  • Jul 19, 2008 8:30am Jul 19, 2008 8:30am
Quoting eye4spot
so.. what's the answer..

where they connect the have that price?

thank you!
No idea, probably one of the major data providers, I think GTIS is one isn't it? They probably add in their own liquidity providers feed somewhere along the line with their own algorithms to adjust the streamed quotes you see, but logistically I've no idea how it works as I'm IT illiterate, sorry!
  • #9
  • Jul 19, 2008 9:03am Jul 19, 2008 9:03am
GTIS is only a data provider, a marketmaker however needs to quote executable prices. They assemble their own quotes from their liquidity providers, which could be investment banks or other (interdealer-)brokers. Those banks generally dont want their name in the open (reputational risk), so brokers can't disclose their banking partners.

Apparently small firms even connect to other brokers (i.e. if you read the FXLQ documents here on this forum they had accounts with HotspotFX retail and the likes). Anyways, they will not tell you from where they aggregate their quotes or how they do it. It isn't even neccessary, if you want to determine if your broker's pricing is fair, get a 3rd party data-provider like eSignal, where dozens of institutions publish their quotes, and it will be pretty clear when your broker is off (or not).
  • #10
  • Jul 19, 2008 1:03pm Jul 19, 2008 1:03pm
Quoting shrike
Those banks generally dont want their name in the open (reputational risk), so brokers can't disclose their banking partners.
This could certainly be the case, that banks would prefer not to be associated by name with the dealing desks/bucket shops of the world.

Real brokers have no qualms disclosing their partner banks.
  • #11
  • Jul 19, 2008 2:55pm Jul 19, 2008 2:55pm
Quoting lostinspace
No you didn't say that, I added it on the end of your hacking servers plan. C'mon Zen, try to keep up!

Are you sure we're related, it must have been a defective gene if we are!

You added something I did not say, and then you scolded me for not keeping up with you???....hmmm You sure you didn't add anything to Oanda's statement prior to accusing them anything?
  • #12
  • Edited Jul 20, 2008 2:45am Jul 19, 2008 4:51pm | Edited Jul 20, 2008 2:45am
Quoting Zen
You added something I did not say, and then you scolded me for not keeping up with you???....hmmm You sure you didn't add anything to Oanda's statement prior to accusing them anything?

Ah right, now I see what the problem is, it seems you don't quite understand what's being said. No worries sport, just slowly read your own posts and then my replies and it should all make sense

(I'm not quite sure where 'Oanda's statement' comes into it but never mind)



~
  • #13
  • Jul 19, 2008 4:59pm Jul 19, 2008 4:59pm
Quoting shrike

...if you want to determine if your broker's pricing is fair, get a 3rd party data-provider like eSignal, where dozens of institutions publish their quotes, and it will be pretty clear when your broker is off (or not).
Good advice, that's why I always use MT4 for charting, prices may not be accurate but at least it shows up when there's a major discrepancy.

I've read various reports and opinions about eSignal, apparently their feed is a bit unreliable lately, have you experienced the same problem?
  • #14
  • Jul 20, 2008 7:35am Jul 20, 2008 7:35am
Thanks for ur responses!!!


I tryed to search the most accurate price... but like u say right now that esignal it's not relaible many other brokers in time due to (their "connection") with moneymakers, major banks, etc. they change and work in time one faster than other..

After a time the faster one it goes slowly and with problems and the slower one rezolve their problems and become speedy gonzalez..

This it's a mystery for me.. why in time a broker lose speed, power...
  • #15
  • Jul 20, 2008 7:48am Jul 20, 2008 7:48am
I don't have reliability problems with eSignal, altho i have read complaints too that it sometimes is a bit slow. I guess thats a problem for very short term scalpers, which i dont do. I also didn't notice any lag when comparing MB data through Navigator and eSignal, its pretty much spot on.

I guess CQG or Bloomberg is faster, but then again for those services you pay $1000+ per month.
  • #16
  • Jul 20, 2008 6:53pm Jul 20, 2008 6:53pm
Quoting lostinspace
Ah right, now I see what the problem is, it seems you don't quite understand what's being said. No worries sport, just slowly read your own posts and then my replies and it should all make sense

(I'm not quite sure where 'Oanda's statement' comes into it but never mind)

~
Aah, I see, because you come from the above average IQ gene pool, you feel that you have the right to change anybody else's words and thwarted their intention so you could undermine them as of lower class and satisfy your sense of superiority.

Now I understand why you hate Oanda so much. You really need to have an appointment with a good shrink, swiss cheese.
  • #17
  • Jul 20, 2008 6:58pm Jul 20, 2008 6:58pm
Quoting eye4spot
This it's a mystery for me.. why in time a broker lose speed, power...
That's not really a mystery, eye. If you look at other type of businesses, you'll see the similar things happened. Like PanAm, Intel, AMD, and many others. They went up, peaked, and then down. Sometime, some of them, manage to wrestle themselves out of the cycle and rise up again.
  • #18
  • Jul 21, 2008 5:37am Jul 21, 2008 5:37am
Quoting shrike
I don't have reliability problems with eSignal, altho i have read complaints too that it sometimes is a bit slow. I guess thats a problem for very short term scalpers, which i dont do. I also didn't notice any lag when comparing MB data through Navigator and eSignal, its pretty much spot on.

I guess CQG or Bloomberg is faster, but then again for those services you pay $1000+ per month.
Thanks for that shrike, I may as well keep using Metatrader as it's free

I'm a short-term trader but I don't purposely look for opportunities to exploit latency, a general sync of prices is enough to alert me when something is wrong somewhere.
  • #19
  • Edited 7:49am Jul 21, 2008 5:37am | Edited 7:49am
Quoting Zen
You really need to have an appointment with a good shrink, swiss cheese.
I would do but you've taken all the appointments for the next five years, cobber

How about a date with the hot receptionist, would that count as 'couch time'?



~
  • #20
  • Last Post: Jul 21, 2008 5:49am Jul 21, 2008 5:49am
Quoting eye4spot

After a time the faster one it goes slowly and with problems and the slower one rezolve their problems and become speedy gonzalez..

This it's a mystery for me.. why in time a broker lose speed, power...
eye4spot, you'll rarely find two marketmakers/brokers whose quotes match pip for pip or maintain a fixed lag difference. If you're trading with a bucketshop then you'll be streamed quotes that suit their order book, exposure, and which (loosely!) reflect their liquidity provider(s) quotes.

There is no 'correct' price in forex but most usually stream prices within a few pips of each other.
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