Good, I can tell you right now, if I wanted to open my own FX firm. It would be a hybrid ECN and dealing desk model. Similar to what Gain does now. However, I would try to offer better spreads then they do but I would run a book as it makes no sense ...

MB Trading Futures - Introduction

Just got off the phone with someone who used to work with MBTrading and now works for another firm. The interesting thing is, he told me that MB runs an A book and a B book. He asked me not to give anymore information so thus he leaves me with ...

MB Trading Futures - Introduction

Doji, I almost dont want to reply to your post but I will. First, yes they can do what ever they want. As can any market maker. Wow, I cant believe that Boston Tech was metioned considering they are the ones that sell MT4. First of all I dont care ...

FXCM Discussion

Market was def crazy last night. I was trading GBPJPY all night and had a spread of 6 to 8 sometimes as high as 10 but that was rare. Not sure what everyone else saw?

MB Trading Futures - Introduction

That would be correct, they can adjust how they want. If they do that and dont charge a commission - they would be considered a market maker. If they dont then they would be considered a broker or ECN. If they do both then you should consider ...

MT4 favorite Brokers - as low as 1 Pip spreads

The article says that MT4 brokers can now implement multi-bank liquidity through Integral Development's FX Grid. Here is the article and the link, not sure which firms will use this pricing model in the future. Integral Development's FX Grid ...

MT4 favorite Brokers - as low as 1 Pip spreads

I dont know if this article has anything to do with FXCM's meta4 platform. The article says that MT4 brokers can now implement multi-bank liquidity through Integral Development's FX Grid. Here is the article and the link, not sure which firms will ...

FXCM Discussion

me too - and i would be interested to hear what you have to say about the company after a month or two of live trading. Also, if the inverted spreads continue... i have a BB for those little gifts already. They used to be more common.

MB Trading Futures - Introduction

TKGB, were you able to execute on that inverted spread or did you even try. if this happens a lot it wouldnt be hard to pick it with a BB.

MB Trading Futures - Introduction

Yea the significance is: if any of the firms that are below the 20M mark will have to put up more capital in order to stay in business. However, the farm bill has not been signed by Bush so no one knows what the actual outcome will be or when. I ...

Proposed NFA Capital Requirement

Matt, Why dont you try a different ECN broker? There are lots of better ones out there.

Market Makers & ECN’s, Is the grass greener?

Phy, Banks do all of what you described above. BTW how do you describe manipulating prices and delayed executions? I really look forward to your definition of a manipulated price.

MB Trading Futures - Introduction

Shrike, I would say if you have a small account MB might be a good option. However, Oanda is cheaper. Plus, Oanda has a charting package eventhough it sucks, they still have one. Traders that want a better charting package should look at FX Trek or ...

Market Makers & ECN’s, Is the grass greener?

Justin, I know you have been brainwashed a bit by your company into thinking that all dealing desk models are bad. However, you claim that MB has banking relationships. If that is the case your main liquidity providers run dealing desk models and ...

MB Trading Futures - Introduction

Frank - there are a couple of reasons for this. First being FXDD's meta trader platform is obviously a deal desk model. Pricing from that model probably comes from one bank, maybe more but who knows. Most dealing desk models have relationships with ...

I'm done with FXDD

Thanks for the thoughts, yea I stay away from IB's. If you know how IB's make their money then you know you are the one getting screwed. (in FX) I am setting up a 0 credit line live account with ADMD for demo purposes. However, this will not allow ...

MB Trading Futures - Introduction

There is a better question to ask: why would you be in the market when a news comes out? What company have you seen widen by 80 pips? Oanda? Any others?

I'm done with FXDD

TraderKGB, Have you worked with ADMD? I talked with one of their guys a couple of weeks ago; I explained what and how much I will be doing in a month. I got quoted at 12$. I didnt know that they had different tiers but it makes sense. I am looking ...

MB Trading Futures - Introduction

sccz that is correct. Trading around news can be great but only 2 to 3 mins after a release. However, there are lots of ways to trade around news, there are however very few ways to trade the actual release.

Market Makers & ECN’s, Is the grass greener?