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Forex Futures vs ECNs

  • #1
  • First Post: Jul 22, 2006 8:08pm Jul 22, 2006 8:08pm
CME/Chicago Mercantile Exchange offers forex futures. Seems like if you want to avoid the scam data feeds/stop spike takeouts, this would be the place to trade.

Atleast this market is regulated, and trades off the interbank spread sec per sec. The only drawback is that the margin requirements are higher and commission costs for futures brokers have to be factored into small equity accounts.
Price is the only indicator.
  • #2
  • Jul 22, 2006 8:09pm Jul 22, 2006 8:09pm
Yes it is regulated, but sometimes the fills are terrible and the order flow falls severely behind. So it all has it's drawbacks.

Scott


Quoting Spectre2006
CME/Chicago Mercantile Exchange offers forex futures. Seems like if you want to avoid the scam data feeds/stop spike takeouts, this would be the place to trade.

Atleast this market is regulated, and trades off the interbank spread sec per sec. The only drawback is that the margin requirements are higher and commission costs for futures brokers have to be factored into small equity accounts.
  • #3
  • Jul 22, 2006 8:14pm Jul 22, 2006 8:14pm
Spectre, I think you hit it on the head in another thread when you said that the dealer would lose trading against you. I think this is true for any expierienced trader... There is no way a dealer could come out ahead against a pro... I actually enjoy their stop hunting. That has made me consistent money and have never had any problem with feeds, because I am aware of their tactics and plan for them..Scott
  • #4
  • Aug 20, 2007 11:42am Aug 20, 2007 11:42am
Quoting smjones
Yes it is regulated, but sometimes the fills are terrible and the order flow falls severely behind. So it all has it's drawbacks.

Scott
Scott, what platform(ie xtrader)were you using to conect to the CME and what contract were you trading that had the "terrible fills" and "slow order flow"? sorry, and the time of day CST you were having these problems?

MCP
  • #5
  • Aug 20, 2007 1:22pm Aug 20, 2007 1:22pm
Quoting Spectre2006
CME/Chicago Mercantile Exchange offers forex futures. Seems like if you want to avoid the scam data feeds/stop spike takeouts, this would be the place to trade.

Atleast this market is regulated, and trades off the interbank spread sec per sec. The only drawback is that the margin requirements are higher and commission costs for futures brokers have to be factored into small equity accounts.
What i dont like about globex is, that their futures only trade 23h a day and the underlying market 24h a day. Think about the recenct moves in the FX market and what a 1h downtime could do to your stops. I think its a good choice for daytraders, who are always flat in the evening, and who only trade the majors. I hold sometimes positions o/n, and im not keen on eating a gap ontop of a stoploss to be honest. That 1h break has the porential to wipe out entire accounts (and put them far into debt) during the recent sell-off, just for example. IMO thats a major shortcomeing of CME fx futures.
  • #6
  • Last Post: Aug 20, 2007 1:47pm Aug 20, 2007 1:47pm
true you do mis out on the first hour of the Sydney open during roleover.


MCP
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