Dukascopy

Could you please post more disconnection statements.

Its (not) interesting

Did any body else get their workspace settings trashed when they opened up this evening?

I don't have any issue at this time of writing.....

My other machine also !!

Maybe it is my white-label broker.......

.... looks like it was my fault

I monkeyed around with the directories in which the workspaces are located. Kinda makes you wonder why there is an option to modify them....?

I'm having the same issue and this is happening quite often. Not to mention that the main settings also changes and they activate "One click Trading" which has caused me in the past to enter into some trades that I didn't want to be in. Now every time I have to check the settings to make sure the "One Click Trading" is not activated because otherwise I don't trust them.

really like this jforex update... now i can overlay others instrument.... but still need more option on it

just want to say jforex update and new functoins are great

Disconnect 13:39:03
.....
Reconnect 13:43:40

Impressive!

Price moves against me of course.....

Arghhh, just went through the FAQ of Dukascopy and am disapointed ...:

ECN technology and risk mitigation


What is the source of Bid and Ask prices offered on the SWFX? Are there any market making activities on the SWFX?

Prices offered on the SWFX are a combination of liquidity provided by the traders placing BID and OFFER orders on the SWFX marketplace (internal liquidity providers) and major banks, brokers and other marketplaces (external liquidity providers). The combination of internal and external liquidity providers allows clients to benefit from narrow spreads and deep liquidity. Clients of the SWFX marketplace can chose between consuming liquidity, by using standard orders and providing their own liquidity (acting as market makers) to other traders, by placing BID and OFFER orders. Together with other clients and external liquidity providers, Dukascopy Bank may add its own liquidity at SWFX prices.

Are my trading orders going to the interbank market? Can Dukascopy Bank be the counterparty of my trades?

Notwithstanding the fact that the SWFX Swiss FX Marketplace is an ECN, Dukascopy Bank is the counterparty of all its clients trades executed on the SWFX. Dukascopy Bank sends orders to the interbank market in its own name for its own needs such as hedging exposures and/or testing validity of prices received from liquidity providers. Not all clients trades necessarily result in hedging orders sent to the interbank market by Dukascopy Bank. In particular small trades cannot be hedged with external counterparties and therefore could hardly be executed without Dukascopy Banks liquidity, since external counterparties may not accept trades under a certain minimum size. Also, to date, trades on binary options cannot be hedged. Dukascopy Bank hedges clients trades fully, partially or not in accordance with its hedging technology, needs and banking regulation.

If Dukascopy Bank is the counterparty of my trades does it mean that there is a conflict of interest and/or a risk of price manipulation to my detriment?

Dukascopy Bank cannot guarantee that no conflict of interest may exist. However,clients of Dukascopy Bank are protected against unfair trading practices by the following protections:

1. On the SWFX ECN, all traders receive the same price feed and same execution quality whatever the size of their trades;
2. The fast execution of trading orders and absence of dealing desk exclude any human intervention in the execution process. The execution of orders is made automatically by the SWFX trading system as soon as conditions (prices, maximum slippage, etc.) are met. All order executions or rejections are verifiable and may be explained a posteriori based on objective data;
3. History of all tick prices are publicly available for verification of order execution. Such transparency excludes possibility of providing different prices to different clients;
4. the Swiss banking regulation impose proper conduct of business and protection of clients interests.

Is the SWFX Swiss FX Marketplace an ECN?

Yes. An ECN trading environment is generally defined by the addition of the following attributes: existence of a marketplace where traders can trade with each other, displaying of the market depth including clients place bid and place offer orders, variable spreads, fast execution of trading orders with no dealing desk, competition between various bids and asks placed on the marketplace and same price feed for all clients. The SWFX Swiss FX Marketplace is an ECN sinces it meets all these conditions.

What is the relation between Dukascopy Bank and the SWFX Swiss FX Marketplace?

The SWFX Swiss FX Marketplace is the name of the ECN trading technology built, owned, exploited and continuously improved by Dukascopy Bank.

Have all accounts access to the ECN SWFX Swiss FX Marketplace?

Yes, all accounts have direct access to the SWFX - Swiss FX Marketplace. Access to the SWFX ensures that all clients are trading on the same price feed and liquidity independently of the size and type of account.

SWFX Swiss Fx Marketplace is more like a strong marketing tool than anything else hahaha.

Maybe it fits their definition of an ECN Platform....

My definition would be the following:
"An ECN trading environment is generally defined by the addition of the following attributes: existence of a marketplace where traders can trade with each other, displaying of the market depth including clients place bid and place offer orders, variable spreads, fast execution of trading orders with no dealing desk, competition between various bids and asks placed on the marketplace and same price feed for all clients. It is the place where the broker or any related party to the broker are not taking trades..."

Therefore I find their use of ECN misleading at first sight as it is not what most of us might be expecting ...

The answer is.... the 'EU' part of the business allows microlot trading, and there is no way that is connected directly to interbank markets - so DK would have to be the counterparty.

If you will be trading standard lots (100k + ) then my understanding is that is matched with local clients or onto the wider liquidity providers.

I had a live account with Dukascopy Bank which was closed ( i am not sure if i did it on mistake or they purposely didn't want me to use that account anymore after I withdrew all my money from that account) and when I tried to reopen it- they didn't allow to ( actually i asked the customer support and they said it was okay to re-open just ask the manager to re-open BUT when i asked the manager to reactivate the account - he says that new policy had been implemented and closed accounts cannot be reopened - they have to register as new - so i said I will reopen again BUT he asked me to instead open a new account with Dukascopy EU..I asked them what was the difference they said everything was the same just that Dukascopy Bank now accepts larger funds compared to Dukascope EU - so fine I did that.. it took me 3-4 weeks (bloody hell).

And I started trading - now things get a bit different :
Execution time was delayed - never happened with Dukascopy Bank before but on EU every damn trade I made there was a delay - I don't know why - at first I thought I had a PC problem..
And due to that the Spread was larger - again never happened with the DB account I had.
Maybe my trading was just shite..not sure..but the difference was noticeable by me.

From his explanation about the difference - Dukascopy EU is like a middleman to Dukascopy Bank, so in my thinking- instead of directly trading with traders through Dukascopy Bank (ECN) like I had previously - I think with EU I am trading with EU not with the traders direct - THIS IS MY THINKING - that's why my trades execution are delayed and spread can be "funny".

Funnily, my trading account with Dukascopy Bank was still active and accessible (though with zero funds) and they didn't allow me to activate that account back with some silly excuse - so now I am forced to open with EU which goes through a different channel in my opinion.

I have withdrawn my cash from Dukascopy EU and thinking next move - any recommended (honest) ECN forex brokers please?

Find a white label broker. I did this by putting JForex into Google. Also DK have an office in Hong Kong, you might get lucky.

Some countries do not allow FX trading, is yours one of those?

I have yet to hear anybody say nice things about the DK-EU system, so I am beginning to think it might be a bucket shop for small accounts. There is also an administrative advantage for DK in not giving you an account at DB - the Swiss operation has to report client activities to various other governments because of all the stink with the bank secrecy and tax dodging and numbered accounts operated by some other Swiss banks. So if you don't have an account they don't have to do the admin. Tough call.

I also have an OandA account, they seem pretty honest and there are lots of users in FF.

Further to some of my earlier whingeing about comms issues .... I have not had any lately.

Also, I discovered a setup issue in my backup router (using a different ISP) which may have been contributing to previous problems.

So I believe everything is normally Ok, .... except for when the DDoS attacks kick-in of course. :nerd:

You are not right. They have same price feed and matching machine as DC Bank.

Live Economic Calendar ... no entries for the upcoming BoE rate setting and votes.
I admit that I am using a white-label broker.....

Without some considerable experience in the field of computer communications and software you will just have to take my word for it.....
Everybody can have their own slightly different view of "the same world" with any broker you care to name.

Does anyone know if the JForex API is Thread-Safe?

I assume it must be both because it's a server API and because of the examples, however some confirmation would be nice. I couldn't find anything written about it in the documentation and the Dukascopy JForex forums have 0 responses to any questions, don't know why it exists really.

I suggest you email the support people directly and see what they say. You may have to explain what 'thread safe' means...

Personally I run my trading on a separate machine which is never used for browsing the interweb or anything else....

What part of the API or what do you try to achieve?

Won't work, he needs to speak with one of the developers.

While I agree that this is a good idea, it has nothing to do with a thread safe API.