I wouldnt accept 1.6 pips on EUR/USD in this day and age, thats outright uncompetitive. The only upside i see with Citi is funds protection. Personally i would probably choose Interactive Brokers if i had to pick an american firm. Low transaction ...

Need to find a decent US forex broker

AFAIK you need a cross-connect if you want to be <1ms - not sure of LMax does that for private clients. Theoretically, the fastest possible way to trade would be a colocated server cross-connected to the matching engine and sponsored access ...

LMAX = revolution?!?

Ultimate6: Nice. Where do you get such a line, how much bandwith and what does it cost?

LMAX = revolution?!?

Yes, i would like a few features added to their platform as well. For example, the option to put in a stop-loss automatically when you enter into a position. Or default position-sizes per instrument. Or a VWAP based market depth display. But all in ...

LMAX = revolution?!?

Karl: lmax is down from 5:00 pm EST to 5:05 pm for roll over. That spike yesterday was during this time - euro fin-mins made an announcement regarding Greece.

LMAX = revolution?!?

Right. Double the money quickly. Thats some solid advice right there. And then, if you lose half of your doubled money, its somehow less bad. Because you still got the other half. Thats one clever plan, if i ever heard one..

LMAX = revolution?!?

No, i suppose its the same on API. The web-platform itself uses the same JSON messaging like the API. Maybe its different on fix, i dont know.

LMAX = revolution?!?

The spread on lmax can be zero or negative because orders from liquidity providers/banks are not matched against each other. On globex this is not the case, so a zero spread immediately results in a trade, so there will always be a spread minimum of ...

LMAX = revolution?!?

Personally i only consider UK based firms. I would say the risk of lmax defaulting is significantly less than Armada. And at least you get GBP 50K back in UK, in case of a bankruptcy. I dont see the point in forfeiting this additional layer of ...

LMAX = revolution?!?

Armada is not an IB, but they use lmax pricing. Meaning you would send the money to an Armada bank account. If Armada was an IB, you would send the money to a LMax bank account. IBs are not allowed to handle client money. The cheapest lmax IB that i ...

LMAX = revolution?!?

tzkennedy: wrong IB in my opinion - you can use fxmtf and pay less fees, and you don't have to wait for a month to get your rebates either. The "untrusted market" passage is still in the current trading manual. I have yet to see this in action tho. ...

LMAX = revolution?!?

Yes, but how much time do you grant a counterparty to send a fill or a kill back? Obviously you need to account for latency between the MBT Servers and the bank server, and probably some time on top of that too. 300ms? 500ms? I dont think 'last ...

MB Trading Futures - Introduction

Some firms shut down completely between 5:00 and ~5:05 EST. I find that preferable compared to such wide spreads.

Spread Pop at Rollover on FXCM?

I wouldn't say that. LMax could do what they do now without an MTF license and call them self an ecn. Just because a firm doesn't have such a license doesn't mean they are automatically unfair. I like their additional commitment/disclosure of a ...

LMAX = revolution?!?

Try that: url

LMAX = revolution?!?

Jack: Agreed on the usage of the term "ECN". But you do not need to form an MTF if you want to run a ECN (or whatever you want to call it) in Europe. There are plenty of OTC executing venues in Europe that do not have this status. Not entirely sure ...

LMAX = revolution?!?

For investments the limit is GBP 50K - and it it will not be immediate. It will take a few months minimum. For example, the Worldspreads bankruptcy occured in March, clients got compensation in September. And its not payed out by the FSA, but by the ...

LMAX = revolution?!?

There is a new article about LMax on EuroMoney. Its quite an interesting read. url (trail account required)

LMAX = revolution?!?

The whole form is probably not even worth 2m. A MT4 license for 100k, a website and a few servers, some guys who fakepost on FF Probably not even close.

Vantage FX Broker Discussion

Very little. I don't click into news tho.

LMAX = revolution?!?