Prime of Prime Broker | Page 13 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

From Retail Broker to Prime Broker and WHY 26 replies

Looking For A New Broker Since Boston Prime Went Bankrupt 33 replies

Boston Prime - best broker for Scalpers? 18 replies

Rabobank Prime Broker FX 23 replies

Institutional Prime Broker Relationship 0 replies

Attachments: Prime of Prime Broker
Exit Attachments

Prime of Prime Broker

  • #241
  • Mar 6, 2015 11:21am Mar 6, 2015 11:21am
I've been with fcs for many years and similarly with lcap until their recent demise. Currently in the process of opening up with cfh but might have a look at fixi.

Those spreads I see, this is on their platform? Any idea what their currenx/hotspot offerings are like?
  • #242
  • Mar 6, 2015 11:34am Mar 6, 2015 11:34am
Quoting plotinus82
Spreads of a real PoP that only takes institutional people FYI {image}
Web demo is always looks great, try live feed and 5 mI order.
  • #243
  • Mar 6, 2015 11:41am Mar 6, 2015 11:41am
Quoting sccz97
I've been with fcs for many years and similarly with lcap until their recent demise. Currently in the process of opening up with cfh but might have a look at fixi. Those spreads I see, this is on their platform? Any idea what their currenx/hotspot offerings are like?
Interesting about cfh, what they say? 0 spreads? Commissions?
  • #244
  • Mar 6, 2015 12:27pm Mar 6, 2015 12:27pm
Quoting M967
{quote} Web demo is always looks great, try live feed and 5 mI order.
This is live pricing from FlexTrade
  • #245
  • Mar 6, 2015 12:29pm Mar 6, 2015 12:29pm
Quoting sccz97
I've been with fcs for many years and similarly with lcap until their recent demise. Currently in the process of opening up with cfh but might have a look at fixi. Those spreads I see, this is on their platform? Any idea what their currenx/hotspot offerings are like?

CX prices here....

Dont like the CX GUI, dont wanna deal with dark pool so perhaps not.
Attached Image (click to enlarge)
Click to Enlarge Name: 11000271_1548494378756559_2256936_o.jpg Size: 315 KB
  • #246
  • Mar 6, 2015 12:43pm Mar 6, 2015 12:43pm
[quote=plotinus82;8118802]{quote} This is live pricing from FlexTrade[/q
and what about commissions?
  • #247
  • Mar 6, 2015 12:46pm Mar 6, 2015 12:46pm
[quote=M967;8118840]
Quoting plotinus82
{quote} This is live pricing from FlexTrade[/q and what about commissions?
$15 per buck
  • #248
  • Mar 6, 2015 12:51pm Mar 6, 2015 12:51pm
[quote=plotinus82;8118845]
Quoting M967
{quote} $15 per buck
Any rebates on volume? Last look? Interesting, whom did you contact there?
  • #249
  • Mar 6, 2015 1:04pm Mar 6, 2015 1:04pm
[quote=M967;8118856]
Quoting plotinus82
{quote} Any rebates on volume? Last look? Interesting, whom did you contact there?
No rebates on volumes but there can be volume discounts. Should be last look.

One of my give up flow guys knew them so I got in touch with em.
  • #250
  • Mar 6, 2015 1:10pm Mar 6, 2015 1:10pm
[quote=M967;8118856]
Quoting plotinus82
{quote} Any rebates on volume? Last look? Interesting, whom did you contact there?
In theory, they only make around 5 bucks a trade.

5 goes to clearing fee at PB

5 normally goes to FlexTrade

Probably 2 due to their volume.

So that's pretty much their profit ratios.
  • #251
  • Mar 6, 2015 1:15pm Mar 6, 2015 1:15pm
[quote=plotinus82;8118896]
Quoting M967
{quote} In theory, they only make around 5 bucks a trade. 5 goes to clearing fee at PB 5 normally goes to FlexTrade Probably 2 due to their volume. So that's pretty much their profit ratios.
And no mark ups? Are all they suddenly honest? But looks great, Flextrade only web or API available?
  • #252
  • Mar 6, 2015 1:16pm Mar 6, 2015 1:16pm
[quote=M967;8118905]
Quoting plotinus82
{quote} And no mark ups? Are all they suddenly honest? But looks great, Flextrade only web or API available?
All Raw.

Why would you need API though?

Well these institutional guys are all fair...
  • #253
  • Mar 6, 2015 1:31pm Mar 6, 2015 1:31pm
[quote=plotinus82;8118907]
Quoting M967
{quote} All Raw. Why would you need API though? Well these institutional guys are all fair...
web not bad at all , just personal preferences.
  • #254
  • Mar 6, 2015 1:37pm Mar 6, 2015 1:37pm
[quote=M967;8118940]
Quoting plotinus82
{quote} web not bad at all , just personal preferences.
They have API I think, they have GUI and a platform to download.

Why I like FlexTrade is because they are a pure aggregator from LP so you just HIT with the banks and no dark pool / toxic / widening spreads bs.

FlexTrade also has a lot of good technology eg. the platform is quite innovative
  • #255
  • Mar 6, 2015 1:48pm Mar 6, 2015 1:48pm
[quote=plotinus82;8118948]
Quoting M967
{quote} They have API I think, they have GUI and a platform to download. Why I like FlexTrade is because they are a pure aggregator from LP so you just HIT with the banks and no dark pool / toxic / widening spreads bs. FlexTrade also has a lot of good technology eg. the platform is quite innovative
Okey, now the smallest thing left, successful trading 😱
  • #256
  • Mar 6, 2015 3:10pm Mar 6, 2015 3:10pm
[quote=M967;8118965]
Quoting plotinus82
{quote} Okey, now the smallest thing left, successful trading 😱
??????
  • #257
  • Mar 6, 2015 3:30pm Mar 6, 2015 3:30pm
[quote=plotinus82;8119103]
Quoting M967
{quote} ??????
Good luck and successful trading, that's what I mean.
  • #258
  • Mar 6, 2015 4:04pm Mar 6, 2015 4:04pm
Quoting plotinus82
{quote} Good luck and successful trading, that's what I mean.
"Successful Trading" is a very good point here.

Using a prime broker alone does not necessarily makes trading more successful. Unless you have a very specific need to use a high-end service - and I wonder what that need might be - I'm still not sure why to use a PB vs. a retail FX broker.

I personally had FXALL and FASTMATCH, however, those venues did not provide any advantages regarding profitability at all. I initially thought that if I have access to those venues, this will make me a better trader of helps regarding profitability, however that wasn't the case.

At the end of the day, the key question before even thinking about a Prime Broker is "Am I profitable on a long-term basis?".
Forex is a losers game.
  • #259
  • Mar 7, 2015 1:13am Mar 7, 2015 1:13am
[quote=M967;8119118]
Quoting plotinus82
{quote} Good luck and successful trading, that's what I mean.
lol ok.

Something the professional world would never refer to.

Do the analysis and get risks right, keep leverage below 12 then it'll be fine.
  • #260
  • Mar 7, 2015 1:18am Mar 7, 2015 1:18am
Quoting trader121
{quote} "Successful Trading" is a very good point here. Using a prime broker alone does not necessarily makes trading more successful. Unless you have a very specific need to use a high-end service - and I wonder what that need might be - I'm still not sure why to use a PB vs. a retail FX broker. I personally had FXALL and FASTMATCH, however, those venues did not provide any advantages regarding profitability at all. I initially thought that if I have access to those venues, this will make me a better trader of helps regarding profitability, however...
More like you want to bank your money at reliable liquidity so that bid offer doesn't randomly widen and that your money will not be triggered by random stops hunting which actually is inherently possible on MetaManager if one uses MT4.

Of course good skillset is important, more so, risk management is even more important.
3 traders viewing now