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LMAX = revolution?!?

  • #1,201
  • Jul 9, 2012 11:50am Jul 9, 2012 11:50am
Quoting PeterE
thanks Captain for introducing me to Fastbrokers, at prelim research with this broker, but so far is looking very good.
You're welcome! If anyone has any questions regarding Fastbrokers, feel free to ask and I will answer.

Cheers
Cap
  • #1,202
  • Jul 10, 2012 6:17am Jul 10, 2012 6:17am
Quoting trader121
So my question is, how does the LMAX API integrate into a charting environment? How do the other Traders that use the LMAX API handle this?
I draw my own charts.
It looks like so (fully functional java demo):
Attached Image (click to enlarge)
Click to Enlarge Name: lmaxdemo.png Size: 102 KB
  • #1,203
  • Jul 10, 2012 6:21am Jul 10, 2012 6:21am
Quoting The Captain
If anyone has any questions regarding Fastbrokers, feel free to ask and I will answer.
-Why is their platform so slow and crappy?
-Why is it such a pain to get hold of their api specs and in general a testing platform? Hell I only want to see if it suits my need and not marry with them.. So tell 'em they should get off their paranoia.
-Where are they situated?
  • #1,204
  • Jul 10, 2012 10:27am Jul 10, 2012 10:27am
Quoting m.m.m.
-Why is their platform so slow and crappy?
-Why is it such a pain to get hold of their api specs and in general a testing platform? Hell I only want to see if it suits my need and not marry with them.. So tell 'em they should get off their paranoia.
-Where are they situated?
- I don't find the platform slow, but I have a fast computer. It works great for me, maybe you should upgrade your computer. Crappy compared to what? Metatrader? I have used MT4 for 4-5 years and there has been an update every few weeks, and I have never noticed anything change ever. MT4 charting is ok, but everything else sucks. It's an ancient program designed to give the edge to the house and scam clients. Pathfinder is updated all the time with new features, improvements, fixes, etc. It is the best platform I have ever used, and I have tried many. You should expand "crappy."

- API specs, not sure. I click Buy or Sell, and my order is filled with fast execution and tight spreads, I don't really care what the specs are of their APIs.

- For a testing platform are you talking about a Demo account? It is very easy to open one on their website to test Pathfinder. It couldn't have been that hard for you to get a copy, because you have already stated you felt it was slow and crappy.

- California
Cap
  • #1,205
  • Jul 10, 2012 11:18am Jul 10, 2012 11:18am
@The Captain


Well, look, I am trading via dukascopy; I can run their platform, mine inside theirs, and two other instances of my application (all java based) connected to lmax demo server (see above) and metatrader instances and whatnot, and still all run without the slightest delay; but it is realy tadious to move around in one single pathfinder instance.. In fact, performance-wise quite comparable with web-based interfaces.

In general I have found that broker's fx applications based on dot net perform poorely in comparison to those that run in java (i.e. viking, pathfinder). So I ask myself is it due to poor programming, or is dot net in general a slow mo?

Why is it crappy? Examples are: cannot put up a bid/ask line; cannot use median price (i.e. high + low / 2) as source for indicators and other things that I cannot exacly describe from memory right now. But the overall impression is that it is bloated and ugly and unintuitive and so on. Ok, that's that. But in fact I am not interested in their platform afterall, because I want to use my own; for the purpose I am interested in their api, to connect through.. Now while everywhere else one can acces the api specifications easely (i.e. dukascopy publishes its api specs on a website..), those paranoid guys from fastbrokers annoys any interested person with (quote from their faq):
"Q: I'm Interested in developing on your API, what is the process?


A: You can contact us through our API online form. We will send you the required paperwork to be filled out. Once we'll receive your documentation, we'll issue you an Application ID and a password to begin your development. You need to reference to such credentials to access our development environment.
"

Yes, of course, that's the way I like it.. you can bet.
See?
  • #1,206
  • Jul 10, 2012 11:35am Jul 10, 2012 11:35am
Quoting m.m.m.
@The Captain


Well, look, I am trading via dukascopy; I can run their platform, mine inside theirs, and two other instances of my application (all java based) connected to lmax demo server (see above) and metatrader instances and whatnot, and still all run without the slightest delay; but it is realy tadious to move around in one single pathfinder instance.. In fact, performance-wise quite comparable with web-based interfaces.

In general I have found that broker's fx applications based on dot net perform poorely in comparison to those that...
Ok well since you aren't interested in the platform we will agree to disagree there and move on.

As for the API what's the big deal? Have you tried contacting them? It says fill out the form, and they will send you an ID so you can begin development. Sounds easy enough to me.

We are getting off topic here as this is an LMAX thread, and we should keep it about trading on LMAX through Fastbrokers.
Cap
  • #1,207
  • Jul 10, 2012 6:30pm Jul 10, 2012 6:30pm
Pathfinder's order entry to LMAX is fine, but its charting is anything but good. I see m.m.m. agrees with this which I think is no coincidence.

I wish I could have Dukascopy's platform/API connected to LMAX liquidity. That would be the best combination ever for trading retail FX.
  • #1,208
  • Jul 11, 2012 12:28am Jul 11, 2012 12:28am
Quoting Marv
I wish I could have Dukascopy's platform/API connected to LMAX liquidity. That would be the best combination ever for trading retail FX.
You can conbine 2 API in the same Java easly ...
  • #1,209
  • Jul 11, 2012 1:28am Jul 11, 2012 1:28am
Quoting surfeur
You can conbine 2 API in the same Java easly ...
Not sure what you mean. You can't for example feed JForex with the LMAX feed.
  • #1,210
  • Edited 1:45am Jul 11, 2012 1:32am | Edited 1:45am
Quoting m.m.m.
-Why is it such a pain to get hold of their api specs and in general a testing platform? Hell I only want to see if it suits my need and not marry with them.. So tell 'em they should get off their paranoia.
It's probably not so much paranoia as it is an attempt to limit API access to only serious people, the reason being this:

Quoting unknown4x
History access is a bitch to maintain if you have a decent amount of clients which do a lot of api trading an such (also a reason why api access is restricted to deposit AND volume).
So instead of making it super easy for anyone checking them out to go ahead and start dabbling with the API and pulling historical data and whatnot, they make it a bit of a longer process which would reduce the number of people using with it. (you and me not demoing it just for that reason is proof of that. lol)

Personally I wouldn't complain though as long as it's free, especially considering how much most other brökers require for such access.
  • #1,211
  • Jul 11, 2012 2:15am Jul 11, 2012 2:15am
Quoting Marv
Not sure what you mean. You can't for example feed JForex with the LMAX feed.
Yes you can do it... Use in the same prog Java (multithreading) in eclipse use the API JForex and Api Lmax... send orders on LMAX and use dukascopy feed..
  • #1,212
  • Jul 11, 2012 3:29am Jul 11, 2012 3:29am
Quoting surfeur
Yes you can do it... Use in the same prog Java (multithreading) in eclipse use the API JForex and Api Lmax... send orders on LMAX and use dukascopy feed..
Yes I know that. But I don't want the Dukascopy feed, only the platform.

e.g. JForex charts being fed with LMAX data.

Not possible, right?
  • #1,213
  • Jul 11, 2012 9:10am Jul 11, 2012 9:10am
Quoting Marv
Yes I know that. But I don't want the Dukascopy feed, only the platform.

e.g. JForex charts being fed with LMAX data.

Not possible, right?
The major problem on dukascopy are the speed executions not the datafeed i think..
  • #1,214
  • Jul 11, 2012 9:14am Jul 11, 2012 9:14am
Quoting Marv
Yes I know that. But I don't want the Dukascopy feed, only the platform.

e.g. JForex charts being fed with LMAX data.

Not possible, right?
What you like about JForex? Never heard about it
Forex is a losers game.
  • #1,215
  • Jul 11, 2012 8:40pm Jul 11, 2012 8:40pm
Quoting surfeur
The major problem on dukascopy are the speed executions not the datafeed i think..
I'm somewhat of a scalper. The data I see has to be the data I trade. I don't like to be looking at a feed and trading another feed. It might be okay for others (especially swing traders) but not me.

Quoting trader121
What you like about JForex? Never heard about it
Its charting and its free Java API. Both are really excellent.

But I don't like the spreads and slippage of Dukascopy. I'm happier with LMAX.
  • #1,216
  • Jul 12, 2012 9:04am Jul 12, 2012 9:04am
Quoting BennyB
How is Armada execution after adding new LP-s? I suppose spreads are better now?
Hmm... not really.
  • #1,217
  • Jul 12, 2012 9:48am Jul 12, 2012 9:48am
Quoting rooicol
Interesting Comments.

About execution speed, i'd be surprised if my script didn't reduce it to less than 500ms. However you won't be getting anything much lower than about 300 ms as it takes about 200ms for a signal to cross the atlantic. I'm in the UK, and MT4 order execution speed for me via Armada has a median of 140ms, see chart below. The chart shows market order execution speed for some recent trades (Live account, with an open authenticated session). The large values were...
Nice post. I am planning to migrate to LMAX without using their IB. Trading with their API using OpenQuant.

If any using OQ for their trading with LMAX, what is your opinion/critique about OQ?

Thanks
Skype: tlcodelearncircle
  • #1,218
  • Jul 12, 2012 10:04am Jul 12, 2012 10:04am
Quoting QuantHFTer
Nice post. I am planning to migrate to LMAX without using their IB. Trading with their API using OpenQuant.

If any using OQ for their trading with LMAX, what is your opinion/critique about OQ?

Thanks
I know OpenQuant.

The Thing I like about OpenQuant is that it is easily possible to send orders to multiple Brokers, whereas using MT4 it is only possible to send the order to one single Broker.

Also you cannot do anything wrong regarding OpenQuant regarding the Price, it is very cheap. As far as I know it costs only 500 Bucks for a lifetime license
Forex is a losers game.
  • #1,219
  • Jul 12, 2012 10:29am Jul 12, 2012 10:29am
Quoting QuantHFTer
Nice post. I am planning to migrate to LMAX without using their IB. Trading with their API using OpenQuant.

If any using OQ for their trading with LMAX, what is your opinion/critique about OQ?

Thanks
I think at the moment there haven't any connector for LMAX on OQ.
  • #1,220
  • Jul 12, 2012 12:10pm Jul 12, 2012 12:10pm
When you open an lmax exchange account with Armada Markets is your deposit sent to Armada in Estonia or to lmax directly in the UK? If it's to Armada directly then the safety of your funds would be in the hands of Armada and their Estonian regulation. However, if clients' funds are kept by lmax in a safe UK bank, then with FSA regulation, it is supposed to be FSCS insured up to £85000 per account holder, I think--but does that also apply to non UK citizens? I also read somewhere recently that the slippage with Armada's MT4 bridge to Lmax is regularly up to 7 or 8 pips, so people are concluding that they may be somehow cheating clients in this way. Can anyone confirm this?
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