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- Pirotechnic replied Jun 4, 2017
Yes, you will face rejections on IOC/FOK. I.e. you see the price and qty you want, you try to hit it, somebody else hits it before you, limits get pulled etc. MM's set tolerances on their end and can fill both trades in the above scenario or tweak ...
- Pirotechnic replied Jun 3, 2017
This just keeps getting better. So you tell me when any broker regulated by the NFA withheld customer funds or failed to pay back a client's deposit. Frigging tin foil hats everywhere. And more hilarious the broker would move its price so it could ...
- Pirotechnic replied Jun 3, 2017
Right...whatever floats your boat. How about you explain to me how an "ECN" has no rejection rates...
- Pirotechnic replied Jun 3, 2017
You're trading with an "ECN" with no trade rejection??? Right, either you really are a small fry, or you don't actually know how real ECNs work. I don't even want to respond to that dumb bullshit about leverage -- again, only makes sense with a puny ...
- Pirotechnic replied Jun 1, 2017
Of course you've never had a problem, as I said who is going to go after your puny 10k account?? It's painfully obvious you're with some shady off-shore, barely regulated outfit giving you ridiculous leverage with really no viable recourse if you're ...
- Pirotechnic replied Jun 1, 2017
ROFL , this obsession with DMA/ECN brokers is hilarious...as if any legitimate broker would want to go after your puny 10k account. So you're telling me that if, in some fantasy world, you actually dealt volume and had a chance to play with the big ...
- Pirotechnic replied Jun 8, 2015
Traiana Netlink is a solution to reduce the operating burden on a give up - i.e. it will compress and net trades at give up time (so, if I went out and hedged 100 10K long trades with one LP in a certain timeframe, I will only give up a 1M trade to ...
- Pirotechnic replied Jun 8, 2015
LOL, the major problem I see with the retail FX market is that only very recently have regulators of reputable countries (FSA, CFTC, JFSA etc.) have actually caught up and started to figure out how this market works. So for a long long time, you get ...
- Pirotechnic replied Jun 8, 2015
I'm not sure what your argument here is, and who you consider a 'Tier 1' broker. What position are you defending?? However, I will comment on some of what you said. If you're talking "Tier 1" FX brokers, like FXCM, GAIN, IG, SAXO, OANDA etc. then: ...
- Pirotechnic replied Jun 4, 2015
Typically, going direct to the primary MMs (most will employ some form of last-look) will get you a lot better pricing and execution than the ECNs (mostly non-last look). Primary reason is that dark pool ECNs don't allow the primary MMs to cater to ...
- Pirotechnic replied Jan 29, 2015
Again, that would be a ridiculous risk that they'd be taking. If their positions were severely imbalanced, and considering that everyone and their mother was banking on SNB reaffirming their cap, all brokers that were b-booking that size of a ...
- Pirotechnic replied Jan 29, 2015
Lol, yeah, that was an extremely simplistic view. Let's just say that the broker doesn't hedge anything externally ('bucketshop'): Client A: Long 1M EUR/USD @ 1.2001 Client B: Enters short 1M EUR/USD @ 1.2000 As long as these two positions are open, ...
- Pirotechnic replied Jan 28, 2015
That's a lot of leverage - must get hairy with Risk Management.
- Pirotechnic replied Jan 28, 2015
Wow, that's hilarious. IIRC, the NFA requires all regulated brokers to post their 'hedged position' ratio, and take a hit on their posted capital if their hedge ratio is low. And contrary to popular belief, running a b-book that large (as your ...
- Pirotechnic replied Jan 28, 2015
True - The NFA is overkill to the point of making it a nanny state. From a retail standpoint, I guess the differences in liquidity etc. are not significant enough between MMs and ECNs, so your preference is perfectly valid. Why don't you try ...
- Pirotechnic replied Jan 28, 2015
I've called OANDA and they created their own custom bridge to MT4 - no virtual dealer plug-in. I understand your concern as a retail trader, especially with the plethora of scam brokerages around these days. However, I'll say one thing (I have been ...
- Posts by Member Search: 'Pirotechnic'