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FXPIG.Kevin replied Oct 4, 20161. It is still online, BUT we are now focusing on merging it into the new support setup that is integrated into the client portal 2. 95% of client funds are held with our Liquidity Providers. The other 5% is held with mostly PSP and alternative ...
The Official FXPIG Thread
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FXPIG.Kevin replied Jun 27, 2016OANDA is a Market Maker and always has been. There were the largest in the US until FXCM expanded into institutional offerings.
Virtual Dealer Plugin - Brokers Please read
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FXPIG.Kevin replied Jun 27, 2016@verd Sure... we purchased their bridge, source code and all, 2 years ago. We use this bridge on some of our custom feeds and we are implementing some of the code into our OMS. We also purchased another product to expand our FIX offering to our ...
Virtual Dealer Plugin - Brokers Please read
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FXPIG.Kevin replied Jun 26, 2016I would also mention that before the Brexit our average spreads were 2 to 4x lower. Most LPs have been pricing wide on actual tradable liquidity since last Thursday or so. We have been told this will begin to normalize over the next 24 to 48 hours.
The Official FXPIG Thread
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FXPIG.Kevin replied Jun 26, 2016@xjacks We do a good amount of volume on Sunday Opens thus for the first 4 to 5 hours after the open (on Sunday/ Monday) spreads can be a bit wide. We also do not push top of book or level I prices with less than 500k in available liquidity. I would ...
The Official FXPIG Thread
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FXPIG.Kevin replied Jun 26, 2016@intrepidpips No I am not saying that. Most of these plugins are meant to stop exploits, like arbitrage, slow data feeds, scalping on illiquid spikes etc. They are not there to stop hunt or overly effect their clients trade flow. As market markets ...
Virtual Dealer Plugin - Brokers Please read
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FXPIG.Kevin replied Jun 26, 2016@meyoik Any broker 'could' theoretically do anything they want... plugin or no plugin, either on purpose... or due to faulty or antiquated technology. LMAX main business is working as an LP or clearing facility to small, medium, and large brokers ...
Virtual Dealer Plugin - Brokers Please read
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FXPIG.Kevin replied Jun 26, 2016@meyoik LMAX does not sue any dealer style trade algos as they are an MTF. Completely different business model @intrepidpips What? I have no idea what you are referring to. A demo trade effecting a real accounts SL? These plugins, the majority of ...
Virtual Dealer Plugin - Brokers Please read
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FXPIG.Kevin replied Jun 22, 2016Just a little perspective here.... Just as traders create EAs to attempt to exploit the market, market makers, ALL market makers, use tools to try to stop these exploits and other tools to try to gain an advantage based on trade flow analysis. Like ...
Virtual Dealer Plugin - Brokers Please read
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FXPIG.Kevin replied Jun 20, 2016@bubaYaga Most arb EAs state that they use a fast feed to take advantage of a slow feed. Most use LMAX as their 'fast' feed. LMAX processes quotes no faster than 90% of retail brokers that STP to other clearing partners. (MM is another story) The ...
The Official FXPIG Thread
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FXPIG.Kevin replied Jun 19, 2016@BubaYaga, If by latency you simply meed trade confirmation / execution latency, yes, this is always an issue brokers deal with and are constantly trying to reduce. If by latency you are referring to latency arbitrage, which by the way does not ...
The Official FXPIG Thread
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FXPIG.Kevin replied Jun 14, 2016@Steve27 If you need anything please let me know...
The Official FXPIG Thread
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FXPIG.Kevin replied Jun 12, 2016Sorry for the late reply @steve27; SPA would be the better choice under MOST circumstances as all the connected liquidity is in the same data center, ie LD4, and thus the execution times are generally below 100ms. To open a demo you need to ...
The Official FXPIG Thread
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FXPIG.Kevin replied Jun 5, 2016The internal processing time of MT4 has fallen significantly, down to around 20/30ms, after they began to parallel process more than 1 order at a time around build 600 or so. Execution time has to do with the time between the order leaving MT4, ...
Best Broker for scalpers?
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FXPIG.Kevin replied May 31, 2016We do not place restrictions on trading... I think I already mentioned that
Latency Arbitrage or Triangular? Remember that limits or resting orders do not sit on the executing LPs book, so when you trade, or try to trade, an arbitrage strategy on ...The Official FXPIG Thread
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FXPIG.Kevin replied May 30, 2016Your right... but the point is that even IF the broker is STP the same applies to the brokers liquidity partners, thus just finding a STP broker is not enough, you need one that can effectively manage its clients trade flow.
Broker - Too High Profit Question
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FXPIG.Kevin replied May 30, 2016The reality is regardless if your front facing broker takes the risk or they STP the risk to another provider... someone is going to be taking the risk. The job of a good broker is to work with its liquidity providers AND its clients and find the ...
Broker - Too High Profit Question
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FXPIG.Kevin replied May 30, 2016We do provide FIX access, and we have one of the lowest minimums around on FIX, 10k, and 5k to test for 30 days. We have connections to both last look and no last look LPs, but either way to limit the ttl times to 300ms maximum, and 99% of our ...
The Official FXPIG Thread
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FXPIG.Kevin replied May 30, 2016Regulation does not help the 'too much profit' question. This relates to a brokers business model, their true business model, not the one they advertise, and their willingness to work with their clients to route their flow in a way that is ...
Broker - Too High Profit Question