That's what an ECN is, dude.
yep...we agree on this one pal.....
MB Trading Futures - Introduction
- #6,563
- Feb 17, 2011 5:30pm Feb 17, 2011 5:30pm
...... I got a trade run that says that I changed the price of the quote 14 times today and got paid for doing it. Take your trolling nonsense elsewhere.
- #6,568
- Feb 20, 2011 10:33am Feb 20, 2011 10:33am
[color=#000000]We have a new version of the MBT...
. And that's the only way I can use to fund my Oanda's account. However, I tend to move on to other brokers and you gonna have my best shot.
- #6,570
- Feb 20, 2011 10:50pm Feb 20, 2011 10:50pm
Well this is a very simple thing to check. Two guys have their MBT screens up and one places a trade inside the spread. If prices change on both screens then I suspect MBT's assertion is correct. If they dont then yours may be.
People complain about MM but if you trade right, market makers can't get you. If they trade against you, they will lose. Yes they can disconnect you and play other tricks but for every trick there is a escape, just use your brain. If you aim for 100 plus pips it is virtually impossible to screw you up.
Now people are sold the image and encouraged to think that "ECNs" are a direct connection with the interbank market which is false.
Don't believe me? Ok so go to a bank and if you are in America buy 100.000 Euros, bring your iphone with you and see if you can move the market or not. The market will go whatever it will go even if you are inside a interbank institution making a Forex transaction.
Now these people want you to buy the idea that a micro lot will change the bid/ask correlation, even for a few seconds.......
!! It is like dropping a hammer on the floor and saying that this will alter the earth's orbitIt changes something only inside their platform, it is virtual, they are Making a Market....just like the Market Makers
- #6,571
- Feb 21, 2011 1:32am Feb 21, 2011 1:32am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
...............
So you are trying to prove that you are a true ECN institution with the lame example of price changing when somebody places a order? Thats the most absurd thing I ever heard in my whole life!!!
First what you just stated is that "my bucket shop has such a low liquidity that any order placed will move the market" even penny orders will do it right?
[b]What I suspect happens is that your platform changes the price on the trader's screen and thats it, a gimmick to catch...
- #6,572
- Feb 21, 2011 1:48am Feb 21, 2011 1:48am
- Joined Jan 2007 | Status: Trader | 1,818 Posts
Now these people want you to buy the idea that a micro lot will change the bid/ask correlation, even for a few seconds.......
It changes something only inside their platform, it is virtual, they are Making a Market....just like the Market Makers
I could post a limitorder for 100 C on the NYSE between the spread. Yippie, i just changed the spread of a stock of a $140 Bil. marketcap firm with putting up only $400 in margin. Of course, on other ecns where C stock trades that order isnt reflected, and generally noone gives a flying fck about my order.
- #6,573
- Feb 21, 2011 1:49am Feb 21, 2011 1:49am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
MBT can prove they are a true ECN by showing there LP/BANKS that there customers are trading with, most ECN show the banks and there prices and amount 
- #6,577
- Edited 12:53pm Feb 21, 2011 12:40pm | Edited 12:53pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
That is the strangest way to view what we're talking about that I have ever heard. What the heck does physical currency exchange at a bank have to do with daytrading FX? The only thing we're talking about is whether or not your order reflect out to the market in the quote, and they do. That's all that has been said. And ECN does not = connected to banks. That's STP.
- #6,578
- Feb 21, 2011 12:54pm Feb 21, 2011 12:54pm
That is the strangest way to view what we're talking about that I have ever heard. What the heck does physical currency exchange at a bank have to do with daytrading FX? The only thing we're talking about is whether or not your order reflect out to the market in the quote, and they do. That's all that has been said. And ECN does not = connected to banks. That's STP.
Most bucket shops "ECNs" are in the business of convincing you that trading with them is the closest way to the interbank market, which is a false statement
If you are a small trader and go to a bank building and physically buy euros you are bypassing the broker and buying from a institution that operates in the true interbank market. I'm not saying that it is practical in terms of day by day forex trading to do that, thats for illustration only.
Now if you think that ECNs are not claiming to a more direct way to the interbank market you are not very well informed.
And they are connected to banks just like MM are, for price cotes, your small transaction stays in the bucket
- #6,579
- Feb 21, 2011 1:04pm Feb 21, 2011 1:04pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
You didn't get the point. I'm saying that ECN and MM are the same thing the only difference is the name ( and maybe how they charge you), ECNs can pool the same tricks on you and trade against you just like MM.
Most bucket shops "ECNs" are in the business of convincing you that trading with them is the closest way to the interbank market, which is a false statement
If you are a small trader and go to a bank building and physically buy euros you are bypassing the broker and buying from a institution that operates in the true interbank market....
you tell me
- #6,580
- Feb 21, 2011 1:06pm Feb 21, 2011 1:06pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
so when i trade with a broker who say they are connected to 60 banks on the currenex platform they are lying, so currenex is lying when they say on there website they are connected to banks
YOU TELL ME