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LMAX = revolution?!?

  • #61
  • Jan 13, 2011 7:31am Jan 13, 2011 7:31am
Hi everyone,

Thought I'd join in on this thread! Just to let you know that I'm part of the LMAX community management team and we do appreciate all the feedback you've given on the LMAX trader platform so far. If you have any questions I'll do my best to help!

Best regards!
  • #62
  • Jan 14, 2011 2:04am Jan 14, 2011 2:04am
Quoting Bleek

The platform is going to offer stop-buy and stop-sell orders soon (so I'm told) which should eliminate my requirement for market orders.

Do they offer normal stops ?

Have spreads returned to normal ?
  • #63
  • Jan 14, 2011 2:15am Jan 14, 2011 2:15am
Quoting Cocoflanel
Do they offer normal stops ?

Have spreads returned to normal ?
They offer traditional limit orders and stops, yes.

I won't start using them heavily until they add stop buys/sells.

Spread on average is still around 2 pips, sometimes less, sometimes a little more. Minimum I see is about 0.7 and most is 2.7 (UK GMT 8-4).
"I made all my money by selling too soon"
  • #64
  • Jan 14, 2011 2:33am Jan 14, 2011 2:33am
Quoting Bleek
They offer traditional limit orders and stops, yes.

I won't start using them heavily until they add stop buys/sells.

Spread on average is still around 2 pips, sometimes less, sometimes a little more. Minimum I see is about 0.7 and most is 2.7 (UK GMT 8-4).
That is spread for GBP/USD ? what about EUR/USD ?

How is execution and spread during NFP ?
  • #65
  • Jan 14, 2011 3:32am Jan 14, 2011 3:32am
EUR/USD is currently 0.5 pips... so very good!

As for NFP I don't trade it so I don't know, sorry.
"I made all my money by selling too soon"
  • #66
  • Jan 14, 2011 5:58am Jan 14, 2011 5:58am
Quoting Bleek
EUR/USD is currently 0.5 pips... so very good!

As for NFP I don't trade it so I don't know, sorry.
dont forget to add the commission ...
  • #67
  • Jan 14, 2011 6:14am Jan 14, 2011 6:14am
EUR/USD is still hanging around the 0.5 pips market, saw 0.3 a few times, very good.

Commission is the equivalent to about 0.3 pips.
"I made all my money by selling too soon"
  • #68
  • Jan 16, 2011 5:43am Jan 16, 2011 5:43am
Quoting Bleek
Commission is the equivalent to about 0.3 pips.

1 side or round-turn ?
  • #69
  • Jan 16, 2011 6:38am Jan 16, 2011 6:38am
Quoting Cocoflanel
1 side or round-turn ?
per side

http://www.lmaxtrader.co.uk/fx-trading/fx-charges


http://www.lmaxtrader.co.uk/fx-tradi...ading-examples
  • #70
  • Jan 17, 2011 9:15am Jan 17, 2011 9:15am
I've observed the spreads for quite a while now... so far they aren't overly competitve in that department so they will either need more liquidity providers or an advantage in terms of execution, platform usability / stability etc.

Note: I've only looked at the website which is showing EUR/USD, GPD/USD and JPY/USD, assuming that these spreads are identical to what is offered on the real platform.
  • #71
  • Jan 17, 2011 10:52am Jan 17, 2011 10:52am
Quoting Traderlarry
I've observed the spreads for quite a while now... so far they aren't overly competitve in that department so they will either need more liquidity providers or an advantage in terms of execution, platform usability / stability etc.

Note: I've only looked at the website which is showing EUR/USD, GPD/USD and JPY/USD, assuming that these spreads are identical to what is offered on the real platform.
I remember that they showed the average spread for EUR/USD was about 0.6 pips , quite competetive, no ?

add to that 0.6 pips commission and you get 1.2 pips total, better than MB and a little higher than Oanda ..
  • #72
  • Jan 17, 2011 2:57pm Jan 17, 2011 2:57pm
Quoting Cocoflanel
I remember that they showed the average spread for EUR/USD was about 0.6 pips , quite competetive, no ?

add to that 0.6 pips commission and you get 1.2 pips total, better than MB and a little higher than Oanda ..
I don't think these figures are up to date. They used to be that low when they started. Now, I'd say EUR/USD average during London and New York session is slightly over 1 pip... at best. But it's not easy to say since the spread fluctuates very much.
However...0.6 average - no way !


You'd have to run www.fxintel.com/live parallel to http://www.lmaxtrader.co.uk/ to compare.


Of course, spread isn't everything...execution speed/slippage is just as important.
  • #73
  • Jan 17, 2011 6:12pm Jan 17, 2011 6:12pm
Quoting Traderlarry
I don't think these figures are up to date. They used to be that low when they started. Now, I'd say EUR/USD average during London and New York session is slightly over 1 pip... at best. But it's not easy to say since the spread fluctuates very much.
However...0.6 average - no way !


You'd have to run www.fxintel.com/live parallel to http://www.lmaxtrader.co.uk/ to compare.


Of course, spread isn't everything...execution speed/slippage is just as important.

LMAX keeps track of their average spreads :

http://www.lmaxtrader.co.uk/average-spreads

around 0.7 for EUR/USD for november/december

You won't find better execution than LMAX
  • #74
  • Jan 19, 2011 1:51pm Jan 19, 2011 1:51pm
Ok some stats for you guys:

6 trades on EURUSD - average fill 1.4
20 trades on GBPUSD - average fill 1.55
"I made all my money by selling too soon"
  • #75
  • Jan 19, 2011 1:56pm Jan 19, 2011 1:56pm
Quoting Cocoflanel
LMAX keeps track of their average spreads :

http://www.lmaxtrader.co.uk/average-spreads

around 0.7 for EUR/USD for november/december

You won't find better execution than LMAX
plus commission of 0.65 pip roundturn for the eur/usd ...
  • #76
  • Jan 20, 2011 2:21am Jan 20, 2011 2:21am
I've been sat looking at the EUR/USD for the past hour and it's been tight - 0.4-0.6 pips.
"I made all my money by selling too soon"
  • #77
  • Jan 20, 2011 3:32am Jan 20, 2011 3:32am
Quoting Bleek
I've been sat looking at the EUR/USD for the past hour and it's been tight - 0.4-0.6 pips.

Do you need live account for live prices ?
  • #78
  • Jan 20, 2011 3:35am Jan 20, 2011 3:35am
Quoting Bleek
Ok some stats for you guys:

6 trades on EURUSD - average fill 1.4
20 trades on GBPUSD - average fill 1.55


What you mean with average fill ?
  • #79
  • Jan 20, 2011 3:39am Jan 20, 2011 3:39am
Quoting Cocoflanel
Do you need live account for live prices ?
Yes - I trade EURUSD on my LMAX.

I moved my Cable trades back to Alpari Direct for now (I need the stop buy/sell that LMAX doesn't currently offer).
"I made all my money by selling too soon"
  • #80
  • Jan 20, 2011 3:40am Jan 20, 2011 3:40am
Quoting Cocoflanel
What you mean with average fill ?
You can download your order history in to Excel and it gives you the average fill price of the trade, a quick average sum at the bottom of that column gives you the average of all trades.
"I made all my money by selling too soon"
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