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LMAX = revolution?!?

  • #1,561
  • Dec 11, 2012 10:39pm Dec 11, 2012 10:39pm
This is rich, someone starts another Armada thread and instead the LMAX thread gets commercialized. lol
FXGears.com
  • #1,562
  • Dec 12, 2012 2:05am Dec 12, 2012 2:05am
Quoting Jack_Larkin
This is rich, someone starts another Armada thread and instead the LMAX thread gets commercialized. lol
But... but.. why?
  • #1,563
  • Dec 12, 2012 4:09am Dec 12, 2012 4:09am
Quoting Jack_Larkin
This is rich, someone starts another Armada thread and instead the LMAX thread gets commercialized. lol
i am speechless, turning my head in disbelief...
I'm not insane; my mother had me tested.
  • #1,564
  • Dec 12, 2012 5:10am Dec 12, 2012 5:10am
Quoting timos
This never happened to me,max spread i've seen on euro/usd is 1.6 Please note that Armada markets uses LMAX as liquidity provider and they add their own spread markup.

P.S Please keep this thread to LMAX only,if you want to disccuss about Armada markets,go to their thread

Regards
Armada markets uses LMAX as liquidity provider so chat about Armada in this thread (and Fastbrokers, fxmtf etc.) is fair game as far as I am concerned....
  • #1,565
  • Dec 12, 2012 5:38am Dec 12, 2012 5:38am
Quoting MarkW1979
Armada markets uses LMAX as liquidity provider so chat about Armada in this thread (and Fastbrokers, fxmtf etc.) is fair game as far as I am concerned....
Yes, actually it's fair. But now it's no longer problem, Armada Markets clients are already have a new thread d;

But knowing this would happen (allowing one LMAX related thread only), it should be better to create/change the thread title to "LMAX & its IB and partner discussion" thread. So nobody complaint again when somebody talks about the IB (fxmtf) or partner (Fastbroker, Armada).
Be the market
  • #1,566
  • Dec 12, 2012 7:28am Dec 12, 2012 7:28am
LOL this is funny


i probably now why this happened ... the reason maybe that LMAX isnt on the paylist of FF .. or vice versa .. u get the point

this thread is one of the hottest ones in the broker section and gained alot of attention.. wich is good for LMAX (traffic)

but if they dont pay to FF (advertizing) .. they get a commercial status ... who cares ?

not me...


  • #1,567
  • Dec 12, 2012 7:46am Dec 12, 2012 7:46am
Quoting PrymeTyme
LOL this is funny


i probably now why this happened ... the reason maybe that LMAX isnt on the paylist of FF .. or vice versa .. u get the point

this thread is one of the hottest ones in the broker section and gained alot of attention.. wich is good for LMAX (traffic)

but if they dont pay to FF (advertizing) .. they get a commercial status ... who cares ?

not me...


I kinda think it was a mistake on FF's end, like *clicked the wrong button* mistake. It's usually the Armada threads that get commercialized or binned, and the new Armada thread was right below the LMAX in the broker forum... they could have mistakenly selected the wrong one to move, since the Armada one is still there, and it wouldn't be the first time a thread was moved by mistake.



Just flag this thread and let them know.
FXGears.com
  • #1,568
  • Dec 12, 2012 9:48am Dec 12, 2012 9:48am
Quoting Jack_Larkin
I kinda think it was a mistake on FF's end, like *clicked the wrong button* mistake. It's usually the Armada threads that get commercialized or binned, and the new Armada thread was right below the LMAX in the broker forum... they could have mistakenly selected the wrong one to move, since the Armada one is still there, and it wouldn't be the first time a thread was moved by mistake.



Just flag this thread and let them know.
OK Thanks



i ever wondered who the mods are .. i have never seen one..
  • #1,569
  • Dec 12, 2012 9:06pm Dec 12, 2012 9:06pm
commercial forum is equal to trash bin area??? it seem that Armada's thread & now,LMAX's thread have been moved to Commercial forum,i think its cos both brokers DONT pay FF at all ,thus e 'Moving'???
  • #1,570
  • Dec 12, 2012 11:33pm Dec 12, 2012 11:33pm
Quoting fxking
commercial forum is equal to trash bin area???
Yes, it is equal to trash bin. This move should have been expected though.

If you google the thread title you'll know that the person who strarted this thread also started the same thread under the same title in other trading forums like elitetrader.com

I can't find a reasonable explanation other than the thread started is soliciting service and promoting logo on behalf of his employer (Lmax or Armada).
  • #1,571
  • Dec 13, 2012 2:47am Dec 13, 2012 2:47am
Quoting Karl_Vosp
Yes, it is equal to trash bin. This move should have been expected though.

If you google the thread title you'll know that the person who strarted this thread also started the same thread under the same title in other trading forums like elitetrader.com

I can't find a reasonable explanation other than the thread started is soliciting service and promoting logo on behalf of his employer (Lmax or Armada).
I don't think that is a reason, because most of the times when I start a tread here in FF I also start in at least two other forums, specially if nobody answers me in FF.
  • #1,572
  • Dec 13, 2012 3:10am Dec 13, 2012 3:10am
Well that didn't take long: LMAX Exchange Announces a Management Buyout Transaction
I'm not insane; my mother had me tested.
  • #1,573
  • Dec 13, 2012 3:54am Dec 13, 2012 3:54am
Quoting Demos4x
I don't think that is a reason, because most of the times when I start a tread here in FF I also start in at least two other forums, specially if nobody answers me in FF.
It makes sense to have at least 1 thread per broker in the broker discussion thread.

The suggestion of including IBs and partners in the title of the LMAX thread actually makes sense given LMAX's unique position as being an actual exchange/liquidity provider not just their retail brokerage front-end. Although those IBs could still have their own threads.
Measure trends automatically with zero lag
  • #1,574
  • Dec 13, 2012 7:25am Dec 13, 2012 7:25am
Quoting Karl_Vosp
Yes, it is equal to trash bin. This move should have been expected though.

If you google the thread title you'll know that the person who strarted this thread also started the same thread under the same title in other trading forums like elitetrader.com

I can't find a reasonable explanation other than the thread started is soliciting service and promoting logo on behalf of his employer (Lmax or Armada).
Excuse Me !


my name on elite trader is MadeMan!

i have nothing to do with the thread starter on ET ... he just copypasted it.. for whatever reason..

u can find me on manny forums
like EliteTrader (MadeMan)
BigMikes (PrymeTyme)
TradersLaboratory (PrymeTyme)

and ive never started another Lmax thread .. on any of those..
  • #1,575
  • Dec 13, 2012 8:05am Dec 13, 2012 8:05am
Apparently a broker needs a ff banner to stay in the non-commercial area?

BTW, there was a management buyout at LMax, current management now holds 66%, Betfair 33%. The 66% stake did cost 2.4mm - thats nothing, a very small fraction of development costs Betfair sunk into this.

My prediction is that they will stop servicing retail accounts sooner rather than later. Retail means high compliance and support costs, if you arent really big its not worth it, especially with a low margin agency business. I think they will concentrate on fewer but high volume clients.
  • #1,576
  • Dec 13, 2012 9:10am Dec 13, 2012 9:10am
Quoting shrike
Apparently a broker needs a ff banner to stay in the non-commercial area?

BTW, there was a management buyout at LMax, current management now holds 66%, Betfair 33%. The 66% stake did cost 2.4mm - thats nothing, a very small fraction of development costs Betfair sunk into this.

My prediction is that they will stop servicing retail accounts sooner rather than later. Retail means high compliance and support costs, if you arent really big its not worth it, especially with a low margin agency business. I think they will concentrate on fewer but...
u think so ?


to bad... will talk to Fastbrokers , as iam going to open an acount with them in Jan..
LMAX would have been my No1 choice ... but iam happy with currenex aswell.. if LMAX stops retailing

cheers
  • #1,577
  • Dec 13, 2012 10:02am Dec 13, 2012 10:02am
More info regarding the buyout: http://forexmagnates.com/lmax-exchan...-more-details/
I'm not insane; my mother had me tested.
  • #1,578
  • Edited 6:16am Dec 14, 2012 5:48am | Edited 6:16am
Sent in a cleanup request to have LMAX moved back to the main broker forum and got a response from Twee with more info:

Quote
Thanks for the heads up here! The reason we moved this to the Commercial Forum was because there was just too much promotion from Armada in this thread. I think you already know that we have been battling their spamming campaign for a little over a year now (you’ve got to respect their relentlessness!). If you see any mention of Armada anywhere please let me know and if you can, let anyone that you know that’s the reason for the thread move and our stance against Armada!

(I bolded the keyword there.)

There's been a lot of Armada promoters (sockpuppets most likely,) which would explain the droves of new members with low post counts getting banned for multiple user names when they'd flood the broker forums with talk about Armada (this goes back about half a year+ ago, we don't see as much of it now.) ...and it would explain FF's stance toward Armada and why each new thread about them gets commercialized.

So when spamming the boards didn't work, Armada spammers moved within the LMAX thread to keep visible. That is, til FF had enough of it and had to purge this place as well.

Keep in mind, ForexFactory doesn't just ban all talk about brokers for not being a sponsor, as there are plenty of non-sponsor broker threads.. this action by FF seems to be focused where there's a continued pattern of forum rule violation that relates to the commercial entity and said entity refusing to go through the proper channels to directly promote their brand.

We're not talking about traders conversing about a broker -- although some of the members who post here about Armada are likely just traders -- but brokers acting like traders/members to spur conversation and interest in their company and brand.

So basically, people pushing Armada ruined it for the rest of the LMAX thread. Which is unfortunate. But at least it's not deleted entirely, and will live on in the commercial forum for now.

Anyhoo, just relaying what I found out while I was trying to get this sorted out and back in the right place. Some of my interpretation of this mess was based off my experience in posting here, past conversations with the admins, Twee's recent response to my inquiry about this, and of course even flagging some of the spammers myself in the past. . . so I hope that helps the few of you LMAX guys with what's going on.
FXGears.com
  • #1,579
  • Dec 14, 2012 6:28am Dec 14, 2012 6:28am
Am a spot fx trader that uses Sierra Charts front end with Interactive Brokers account and feed.
Am going to open an account with LMAX and see how it goes as the combination of ridiculously narrow spreads and good commission fees (IBs are higher) looks good to me.

In terms of spread, I see it like this. Say you're opening a position of 100,000 on EURUSD, so that's $10 per point.

LMAX spread is 0.5. Your broker is quoting a 1 pip spread. That's actually costing you between $5 per side (to open and close the trade) as it is 0.5 pips wider than LMAX.
LMAX charge $25 per 1 million lots traded.

But here''s the thing, from what I've been told by the sales guy-LMAX don't charge per side. So that 100,000 lots invokes a charge of just $2.5 TOTAL, not per side. Add that on to low spreads and damn, it's cheap. If they keep low spreads, while everyone else is quoting 1-1.5 pip spread for EURUSD then it's cheaper than any broker out there.
So there is commission with a wider spread it's just hidden in a wide spread, that could also occasionally stop you out ofa trade, but importantly, means you will always get a slightly worse profit level/slightly more losses if a stop loss is hit, and you're charged more for it!

Have also been told that if I generate over $100 in commissions per month I can use multicharts for free. Not a huge fan of it, will probably stick with Sierra and use that for charting.

So that's my view on price. I will update the thread with thoughts/comments as I get used to the system.
  • #1,580
  • Dec 14, 2012 6:29am Dec 14, 2012 6:29am
Quoting RoBiK
Well that didn't take long: LMAX Exchange Announces a Management Buyout Transaction
Robik, am no financial expert by any means, does this offer any clues r.e. the financial strength of LMAX? IN other words, how safe are they
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