LMAX could be LP for us yes but it's LP made up by traders themselves so in essence if your broker is subscribed to the LMAX feed, we could be trading against another trader and not solely against banks. So that's getting a little closer to an exchange which is a central place where all buyers and all sellers trade against each other regardless of size and not as one sided even with ECN where all of us retail traders against the liquidity "providers", those "prime" banks. And that is the key in countering bucketshopping by the "big banks", diversification.
That's how I see it.
That's how I see it.
Make your losses in demo. Earn your profits live.
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