{quote} Opening up a Prime broking account isn't so easy anymore after SNB fiasco Margins are rising and so is brokerage. EBS markets will charge you platform access fee plus brokerage. Prime broker will charge you as well.
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I know that, thanks, FX World is getting more complicated.
{quote} I heard about very strange Citi support stuff, they don't care about clients at all.
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That is something I hear very often in the Broker industry, not just with Citi. They say that, even if they deposit a relatively large amount of money, they are treated like sh*t.
{quote} That is something I hear very often in the Broker industry, not just with Citi. They say that, even if they deposit a relatively large amount of money, they are treated like sh*t. Why is that?
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It's just Citi tbh, HSBC is also a bit stiff and snobbish.
{quote} I really did not hear a lot about Fixi up to date. Pricemarkets also use Citi and DB. I heard something about JPM used to be Fixi PB, as LCG as well, but suddenly Citi and DB???
Since most players in this thread seem to be trading in large contract increments, I'm curious about your experience in trading FX futures rather then spot.
Typical spread I see on IB for the EUR/USD future contract is at 0.5 for about 10/15M which seems on par with the liquidity on Currenex or even Currenex Big.
Granted, those are fixed EUR 125K contracts but then there's regulated central execution, no room for broker mark-ups, low commission, no swap costs and even mini contracts are starting to see some decent liquidity. Am I missing any obvious shortcomings?
{quote} Or rephrase that to: "Am I missing any obvious opportunities?"
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I had a look at CXN big and also Hotspot, can't understand what's the difference between them? I mean they all have the same panel of banks, same stream, it's quite old question but still without clear answer. I don't believe banks qualify each ECN separately or other venues like FXSpotStream.
{quote} I had a look at CXN big and also Hotspot, can't understand what's the difference between them? I mean they all have the same panel of banks, same stream, it's quite old question but still without clear answer. I don't believe banks qualify each ECN separately or other venues like FXSpotStream.
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ECN = Buyers and sellers network and people try to match each other, then once it's matched the trade is done the counter parties send these back to their respective prime brokers and are marked as a NoP exposure.
Currenex is the biggest ECN participation rate in the market, hence, it's likely that CX gets better prices from both buy and sell side participants.
{quote} I just asked a question, you don't need to be a douche bag about it
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Cause since no body trades illiquid, counter party risky FX futures in the professional world people getting swayed by the OTC argument that they are centralised is just joking themselves, FX futures are used as a hedge for LATAM and NDFs, no one trades EUR USD Futures.
Not being a douche but the fact that you believe in fx futures means you dont understand what you are trading / investing in.
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