"ECN clearing?" It sure sounds good, doesn't it? - Only if it was true! Despite what the firms (institutional or retail) out there are claiming, banks are calling the shots. They decide who trades with them and who doesn't. There's no such thing ...

High Frequency Trading!

It's not so much getting screwed (which happens royally at the retail level); it's avoiding getting shut down or "blacklisted" if you're detected.

High Frequency Trading!

We are getting some HFT traders funded by our group. Succeeding in HFT is not just about running a certain model; it's also about knowing how to minimize the chances of getting screwed by the banks. The guys that are really making this work know how ...

High Frequency Trading!

Another note about the series 3 and CTA registration. There are legitimate offshore hedge funds and institutions that won't work with registered traders. At the same time, there are many US institutions that require traders to be registered. So it's ...

Money Managers - Looking for Currency Trading Positions

tdion, I agree with you completely; an MBA will give someone something to fall back on if they fail at trading - but I don't think people that want to become professional or instutional FX traders should rush out to earn an MBA with the hope that it ...

Money Managers - Looking for Currency Trading Positions

The series 3 is a joke, as are all government ("series X") exams. Whether the government forces you to take them or not to be "in the game" is another story!

Money Managers - Looking for Currency Trading Positions

Exactly. Everyone's situation is different. Whether we admit it or not, we're all brainwashed to some degree by society. Most believe that to succeed you need to go to college, graduate, and then get a job to start making the "big bucks." It all ...

Money Managers - Looking for Currency Trading Positions

tdion, we have a group of forex/trading websites. Even though they contain information about trader incubation/funding, the information is very general. We also have an NDA that a trader must sign before moving to the next level. This protects the ...

Money Managers - Looking for Currency Trading Positions

My sentiments exactly! Look; don't get me wrong here. I do value the importance of an education, but getting an MBA and going to an Ivy League school is a not a requirement of all institutions who allocate capital. I know because I'm part of a group ...

Money Managers - Looking for Currency Trading Positions

Thank you kermut for that referral. LOL

Money Managers - Looking for Currency Trading Positions

Huh?

Currenex Platform Demo needed

Here you go forexedge. I took these today at about 6 AM EST (I think I was sleepwalking at that time!). I added some common pairs to the PFG Currenex GUI on the left and on the right is an aggregated institutional multi-portal feed on the ChoiceFX ...

Currenex Platform Demo needed

The commissions we pay are $30 per million as an institution, but I'm not sure if they'll give that to individual traders. Ask Chu. Their commissions are definitely on the high end relative to the industry, but they are a firm that's financially ...

Currenex Platform Demo needed

Call them and ask for Chu Galloway. See my earlier post on this thread. They have various platforms including Currenex - which we mostly use there via our own proprietary front end or the ChoiceFX front end.

Currenex Platform Demo needed

The best way is to write directly to the Currenex FIX or Java API. Like that, you get more control. If this is beyond the scope of your abilities, you can also use the new Bid+X button to buy and Ask-X button to sell using an immediate or cancel ...

Currenex Platform Demo needed

One of the firms we use to get our traders funded from a hedge fund we work with is PFG. PFG offers the Currenex GUI as one of their platforms. Even though their commissions are a bit on the high side, it's really easy to set up a trader there and ...

Currenex Platform Demo needed

Unless the broker has an agreement signed with ChoiceFX, Dan bills you directly; for example, PFG doesn't have an agreement with PFG - so whenever the hedge fund that we work with funds one of our traders at PFG, the trader or we pay the ChoiceFX ...

New Hotspot client-platform

Moe, it has nothing to do with the CX broker. ChoiceFX works with any CX account. All you need are the FIX ID's from CX (ask your broker for these) and Dan Raykhman from Choice will set it up for you. Please note that you will need to pay Choice an ...

New Hotspot client-platform

That's right, Moe. Definitely the ChoiceFX platform. Many firms and prop shops are using the ChoiceFX front end; especially when they want to aggregate institutional liquidity sources. The CAX is going to use it too for manual traders. A prop trader ...

New Hotspot client-platform

So you like IB better after all? What's up KGB? I was checking my PM's and realized that we did not continue the discussion we started a few months ago. Juste PM'ed you. A couple of the traders that we're getting funded are starting on the CAX this ...

FXCM or Oanda?