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LMAX = revolution?!?

  • #1,661
  • Feb 28, 2013 1:29am Feb 28, 2013 1:29am
thank you. good info.
Quoting MarkW1979
Tick charts

LMAX IBs:

fxmtf.com: = Multicharts and ECN2 (which is White label Pathfinder Platform I think) (and MT4 via tick EA/Script)
Fastbrokers = Pathfinder Platform

LMAX Partner:

Armada Markets = MT4 only (via tick chart EA/Script)

LMAX: = Multicharts

Multicharts are free with fxmtf.com as far as I am aware:http://fxmtf.com/en/trading/
  • #1,662
  • Feb 28, 2013 1:57am Feb 28, 2013 1:57am
Quoting Forexia
The ONLY thing I have against LMAX is that they don't offer trading on all of the currency pairs. You would expect a high-volume with deep liquidity of an Forex exchange like LMAX to be able to offer trading on all of the 80+ pairs for trading but no, they only offer like 62+ pairs with some pairs missing. If only they are able to offer trading on all of the available pairs, they wouldn't be just near perfect; they would be absolutely perfect!!
Well I would guess they're just concentrating on the pairs that have the highest volume and not getting their systems bogged down with lots of feeds from exotics like Norwegian krona vs Mexican peso. They have all the major pairs that you need to trade successfully-just counting mine now-18 currency pairs, gold and silver and all the main indices (8 of them), Us and UK crude and gas oil. Isn't that enough-how many screens do you have
  • #1,663
  • Feb 28, 2013 2:02am Feb 28, 2013 2:02am
Quoting Polkm
Thanks guys for the info,

I got a look to those fastbrokers and itt seems good. Will look with more depth.


I couldn't find any info on Lmax site.

I will ask them some questions next week. I read here that they do not offer Stop orders (for entry)? Is that still valid?
I am with Lmax and use stop orders for entry and exits (stop losses/take profit etc). On the order ticket that comes up when entering a trade, you have the option of entering at market price or setting a limit order to enter at a certain level.
  • #1,664
  • Feb 28, 2013 2:05am Feb 28, 2013 2:05am
Quoting shrike
So far there is only Multicharts and that platform from Fastbrokers, as far as charting goes.
Good news, after I emailed them to ask r.e. platforms (I don't like Multicharts), was emailed by LMAX client relations bloke. They are now in partnership with Sierra Charts and should be going live in a few weeks. Wow, so I ask them and they sort it out-that's new.
So my rubbish IB data feed that doesn't interact properly with SC should be a thing of the past. Trading from charts once again-cannot wait!
  • #1,665
  • Feb 28, 2013 9:59am Feb 28, 2013 9:59am
Yes, Sierra is a nice bit of software. I am using it too. Especially love the spreadsheets, very useful. Right now i'm using the free FXCM data they provide, and enter orders on the lmax web-platform manually. Works too.

And its not really expensive either.
  • #1,666
  • Mar 1, 2013 2:50am Mar 1, 2013 2:50am
Quoting shrike
Yes, Sierra is a nice bit of software. I am using it too. Especially love the spreadsheets, very useful. Right now i'm using the free FXCM data they provide, and enter orders on the lmax web-platform manually. Works too.

And its not really expensive either.
Hey there, how do you get the fxcm free data-do you have to have an acct with them? Don't use IB anymore but get $30 inactivity fee every month.
Also, can you get fx futures data on this free feed-I use volume spikes in futures to identify turning points in the spot market...
  • #1,667
  • Mar 1, 2013 8:59am Mar 1, 2013 8:59am
Quoting bootsyjam
Hey there, how do you get the fxcm free data-do you have to have an acct with them? Don't use IB anymore but get $30 inactivity fee every month.
Also, can you get fx futures data on this free feed-I use volume spikes in futures to identify turning points in the spot market...
Just use the "SC Forex Data(FXCM)" data service, you dont need an fxcm account. See:

http://www.sierrachart.com/index.php...lTimeFOREX.php

You can get historical futures charts (starting with yesterday's data going back) but not realtime if you have package 3 or above. For realtime you need an external service like IB or IQfeed. Its all in the Sierra documentation on their website.
  • #1,668
  • Mar 1, 2013 10:55am Mar 1, 2013 10:55am
does sierra charts have candlesticks ? i can't seem to find it
  • #1,669
  • Mar 1, 2013 4:56pm Mar 1, 2013 4:56pm
I wrote a mail to they and I have warned not ever send me paper notifications, because I wil close my account instantly.
- got a welcome notification by mail to home and needed to explain wtf I am getting notification from abroad, and what is that foreign language letter and so on...also I am not living at that address and isn't a pleasure to go there.

I can't understand ever, if all trading is in electronic way, why want to notify me via paper! For me paper letters are only bills. I have refused to take a bank loan a couple of years ago because they had no option to opt out from mailing system!

The support from LMAX told me I have signed the paper and I agree with that to communicate via paper too at point ... ( who read all those rules) "Customer Agreement 31.3"

Well, I do not agree at all, so I have asked to close my account. Now I am hoping they will not send to me a notification or a good by mail.

Next real ECN broker please!
I want to buy PATIENCE
  • #1,670
  • Mar 2, 2013 7:18am Mar 2, 2013 7:18am
Quoting matheszabi
Next real ECN broker please!
LMAX are quite retarded in their ways they do things (oh well, brokers!). Always wonder how such people run such businesses.. However, their exchange model is top of the industry.
Now, when it comes to paper, it is always good to have things on paper in case there is a problem and one has to deal about it with other parties (i.e. court).
  • #1,671
  • Mar 2, 2013 9:33am Mar 2, 2013 9:33am
Quote
I wrote a mail to they and I have warned not ever send me paper notifications, because I wil close my account instantly.

This sounds more like a diagnosis..
  • #1,672
  • Mar 3, 2013 12:50pm Mar 3, 2013 12:50pm
LMAX is able to add any unsupported FX pair as long as traded volume is planned to be enough for them and their exchange members. As long as it's your case, you can contact them and try to ask for said instrument. In the past, there were more instruments that were put down due to lack of volumes (for example, Eurex Bund, Bobble, Schatz)

If you read carefully their technical documentations, you'll realise they have room left for stocks, options and swap trading in the future if they want to. It is likely to be a matter of demand.
  • #1,673
  • Mar 7, 2013 7:55pm Mar 7, 2013 7:55pm
Any other Canadians get an email telling them their account is officially CLOSED?

Canada has the STUPIDEST rules, worse than USA believe it or not
  • #1,674
  • Mar 8, 2013 10:53pm Mar 8, 2013 10:53pm
Quoting jayjonbeach
Any other Canadians get an email telling them their account is officially CLOSED?

Canada has the STUPIDEST rules, worse than USA believe it or not
IBFX Au did something similar earlier last year (restricting or dropping certain Canadian clients).

I think that for those serious about trading financial products for a career or as a serious hobby, multi-flag planting (having residency in two or more countries) will become more and more important for those living in more restrictive jurisdictions. You can run to a different broker that will accept your Canadian residency, but similar to the USA, they will just start closing their doors one by one rather than deal with too much administrative / legal burden.

Good luck.
Measure trends automatically with zero lag
  • #1,675
  • Edited 9:59pm Mar 9, 2013 8:58pm | Edited 9:59pm
Quoting jayjonbeach
Any other Canadians get an email telling them their account is officially CLOSED?

Canada has the STUPIDEST rules, worse than USA believe it or not
Wha?

I hope that's not a trend for other FSA regulated firms. Usually that only happens when an offshore broker moves into the US market, there's some US-Canadian agreements in place that often causes brokers with US operations to not let Canadians trade with their overseas branches.

:S

Anyone get a comment from LMAX on why they took this move?

I like some FSA regulated brokers.. wouldn't want them to be closed off to us Canucks.
FXGears.com
  • #1,676
  • Mar 17, 2013 5:24pm Mar 17, 2013 5:24pm
IS 12:22. 100 pips Gap from Cyprus and their serivice has not been open yet
I am really pissed off with them. Time to move to Ducas

F**k off.
  • #1,677
  • Mar 17, 2013 5:31pm Mar 17, 2013 5:31pm
Its quite the clusterfuck. Especially for their broker customers. Their service have been rock solid up to now, but they are taking a hughe reputational hit from this. Not good for a firm that tries to gain marketshare.
  • #1,678
  • Mar 17, 2013 5:44pm Mar 17, 2013 5:44pm
Working now..
  • #1,679
  • Mar 17, 2013 6:47pm Mar 17, 2013 6:47pm
what happened to the service? was waiting for it for over an hour to get up
  • #1,680
  • Apr 7, 2013 4:42am Apr 7, 2013 4:42am
Lmax integrated with sierracharts yet?
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