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  • #121
  • Feb 3, 2010 3:29pm Feb 3, 2010 3:29pm
Pardon my ignorance, but are there any advantages for a long-term trader such as myself for using the Viking platform? I never trade around news time and I typically hold open positions for longer periods on higher timeframes.
  • #122
  • Feb 6, 2010 11:58pm Feb 6, 2010 11:58pm
just looking over this thread which i think started almost 2 years ago - Currenex platform was/is the platform used by institutional traders - nowadays, this is óld hat' technology.....as there are quite a few new brokers coming online will full ECN capability - back then you needed large deposit to open such an account......but what ive found recently, brokers such as Go Markets, MB trader etc, using MT4 platform, has a very similar performance to Currenex capability as far as how fast an order can be processed.

In your case - any platform would be suitable - just as long the broker u r using is a safe 1


good luck
  • #123
  • Feb 9, 2010 8:33am Feb 9, 2010 8:33am
Remember that Metatrader does not hedge out your trade on an ECN. Make sure they are a true ECN. And Viking is fine, but what you really need to know is whether you're getting the Currenex pricing engine underneath it. Ask the Currenex white label if they are using their own liquidity or if they are using Currenex ECN liquidity. If they use ECN liquidity then the matching engine will be in sub milliseconds and worth your time. Doesn't matter what GUI you are using as long as your connection is fast and it's using Currenex ECN.
  • #124
  • Feb 9, 2010 9:16am Feb 9, 2010 9:16am
Quoting theforexer
Remember that Metatrader does not hedge out your trade on an ECN. Make sure they are a true ECN. And Viking is fine, but what you really need to know is whether you're getting the Currenex pricing engine underneath it. Ask the Currenex white label if they are using their own liquidity or if they are using Currenex ECN liquidity. If they use ECN liquidity then the matching engine will be in sub milliseconds and worth your time. Doesn't matter what GUI you are using as long as your connection is fast and it's using Currenex ECN.
There are several brokers which provides MT4 with true ECN which i much more interesting for me then to use Viking. Starting deposits are lower as well.
  • #125
  • Feb 10, 2010 5:10am Feb 10, 2010 5:10am
[quote=theforexer;3446484]Remember that Metatrader does not hedge out your trade on an ECN.


That's an incorrect statement - I have already found a number of non - US brokers that allow hedging on MT4 platform - full ECN as well !


Times are changing for retail traders today - Currenex is now becoming old hat it seems !

For Level II pricing feeds - the fxcm platform of choice, (whatever thats called) is the best I've seen lately....but being US based, no hedging allowed.
  • #126
  • Feb 22, 2010 8:37am Feb 22, 2010 8:37am
I disagree there's full ECN and absolute STP on Metatrader because there service is designed for the broker to mark up the PIPs and take positions on their users. Doesn't matter if you're a good trader, I suppose, and I've even used MT4 and like the strategy even if I've yet to find a true ECN with STP using it. What broker?
  • #127
  • Mar 30, 2010 1:46pm Mar 30, 2010 1:46pm
Not sure about MT4 capabilities, I heard MT5 will be much more like a true ECN.
  • #128
  • Mar 30, 2010 10:12pm Mar 30, 2010 10:12pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting louisdor
Not sure about MT4 capabilities, I heard MT5 will be much more like a true ECN.

where did u hear such nonsense??

---------------------------------------------
http://www.myfxbook.com/members/pc8multifx
  • #129
  • Apr 1, 2010 4:37am Apr 1, 2010 4:37am
By true ECN, I meant functionning like an exchange. As far as I know, MT5 includes its own FIX Gateway and other interfaces as well necessary for seamless integration with any prime brokers, clearings, and exchanges.
  • #130
  • Apr 4, 2010 3:58am Apr 4, 2010 3:58am
what are the ecn broker now a day?
  • #131
  • Apr 5, 2010 11:01am Apr 5, 2010 11:01am
Quoting MoreYummy
what are the ecn broker now a day?
Quite a few ECN broker out there... They actually appears on the market like flies on an Ice cream. The one I trust are the ones that are out there for a long time. I always thought that longevity is a pledge of safety and quality. ICAP-EBS (1999), Currenex (1999), Baxter FX (1995), HotspotFxi (1995) are the pionniers of the ECNs.
  • #132
  • Apr 6, 2010 5:03am Apr 6, 2010 5:03am
Which Currenex brokers have minimum trade size <= 10K of base currency?
I know Alpari Direct & Alpari Direct Pro and PFGBest Currenex do, but who else?

Most seem to have set their minimum to 100K of base currency.
  • #133
  • Apr 6, 2010 6:24am Apr 6, 2010 6:24am
Quoting Hyper
Which Currenex brokers have minimum trade size <= 10K of base currency?
I know Alpari Direct & Alpari Direct Pro and PFGBest Currenex do, but who else?

Most seem to have set their minimum to 100K of base currency.
What spreads do Alpari and PFG have ?
  • #134
  • Apr 9, 2010 1:45am Apr 9, 2010 1:45am
Try www.gomarkets.com.au

Quoting Hyper
Which Currenex brokers have minimum trade size <= 10K of base currency?
I know Alpari Direct & Alpari Direct Pro and PFGBest Currenex do, but who else?

Most seem to have set their minimum to 100K of base currency.
  • #135
  • Apr 9, 2010 12:26pm Apr 9, 2010 12:26pm
Quoting sgfxtrader
Try www.gomarkets.com.au
If you read the GoMarkets Discussion thread (in which I participated) you would discover that they only use Currenex for the price feed. Execution is at some other liquidity provider. That is a huge difference.
  • #136
  • Apr 9, 2010 12:58pm Apr 9, 2010 12:58pm
Quoting Hyper
If you read the GoMarkets Discussion thread (in which I participated) you would discover that they only use Currenex for the price feed. Execution is at some other liquidity provider. That is a huge difference.
That is correct. Go Markets is not the dealer. They are a white label for their liquidity provider in New Zealand that manipulates the execution and fills. They have the benefit of saying they use currenx for the data feed, but the clients positions are not anonymous as would be in an ECN or Currenx model and are subjected to dealer intervention from their liquidity provider. It's like giving a person a big delicious chocolate cake in front of them and providing them with a fork to eat it, but saying you can only look at it and NOT eat it. What's the sense then? It just does not benefit the client.
  • #137
  • Apr 20, 2010 3:07pm Apr 20, 2010 3:07pm
Quoting BostonForex
As most of you are aware, Currenex is the standard platform for institutional level traders....
Does this give me direct-access to the market?
  • #138
  • Apr 22, 2010 10:12am Apr 22, 2010 10:12am
That is true, Currenex is nothing but a platform....

on the back end of currenex you can feed the platform with any FIX protocol pricing. Either STP, or aggregated or even you can create your own volumes and post it on Currenex.

Please do not take this that if a broker now provides Currenex that he has a set of banks feeding their currenex platform. this is certainly not the case.

Open two live accounts at currenex platform at any two brokers. and compare the market depth. 99% of the time you will find that its totally two different feeds.


Thanks
  • #139
  • Jan 25, 2011 3:36am Jan 25, 2011 3:36am
Quoting wael117
That is true, Currenex is nothing but a platform....

on the back end of currenex you can feed the platform with any FIX protocol pricing. Either STP, or aggregated or even you can create your own volumes and post it on Currenex.

Please do not take this that if a broker now provides Currenex that he has a set of banks feeding their currenex platform. this is certainly not the case.

Open two live accounts at currenex platform at any two brokers. and compare the market depth. 99% of the time you will find that its totally two different feeds.


Thanks...
True, currenex is just a platform and a pretty bad in my opinion.
May the Force be with You
  • #140
  • Jan 26, 2011 12:46pm Jan 26, 2011 12:46pm
Quoting alex_000
True, currenex is just a platform and a pretty bad in my opinion.
I have to agree. I gave it a serious test drive, and I can't imagine a human being designed that thing. It lacks basic position information and is so awful on many fronts. Aside from the tie into liquidity and banks it's supposed to have, it makes MT4 look like mission critical software for NASA.
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