I had about 70% bad fill rate from Deutsch Bank's dealer desk. The statistics are on another machine but I could still dig them up. Requote slippage was 3-4 pips if memory serves.
What forums do you know of for Prime Brokers? I have 2 different Prime Broker relationships, one through a fellow programmer.
This bill definitely aids in fighting stop loss hunting, those people have very clear penalties.
Quote:
Originally Posted by omelette
It certainly doesn't seem as clear-cut as it was made out to be.
As for 'the wild-west days' being over - about time! Few would dispute that almost every Metatrader broker that has ever existed has abused its position, hugely aided by the platform itself which is specifically designed to aid in fleecing its customers...
btw, go to any forum that caters more to the prime-broker markets and you will find that threads b*tching about brokers stop-hunting, spiking, trading-against - in other words, all the stuff that is a daily occurrence with Metatrader brokers - in general, do not exist! The reason being, that this type of chicanery doesn't occur with 'real' brokers, or certainly nowhere near the extent suffered by retail-forex, which seems to attracts scum-bags in droves.
So if this bill facilitates in removing this vermin, and the 'steal-your-money' features from Metatrader - I'm all for it! It will also be interesting to see how this effects Metaquotes' business plan...
|