A least good news for us, the traders.

there´re links everywhere, just google it


article 1


link: http://www.finextra.com/fullstory.asp?id=16706

article 2:

link: http://news.yahoo.com/s/nm/20070325/...rketspace_dc_1

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all trader should be happy with that

"Many analysts predict average daily foreign exchange turnover could hit $3 trillion by the end of this year, fueled by hedge funds, prime brokers and automated trading."

The last two words is very interesting to me ..hope we can do that with the real proven system

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Did you say "good news"?For whom?.Please read the QandA section It states "not available for retail traders"

Yeah, good news for us.

Marketspace i s not a brokerage house, is a trading environment.
Also you can´t trade directly on CME unless trought a broker.

But, the retail traders could be benefited from a centralized environment trading with the brokers operating under it.

You would see the same price like me using different brokers.
The price manipulation it´s impossible because the feed it´s provided from CME/Reuters.

I can´t remember when the electronically trading hit the market in middle 90´s because it was nota trader in this time.

But I had read a lot about that. The immediate effect was the reduction in commission fees. New brokerage houses jumps in the market displacing the old dinosaurs. And the dinosaurs have to self-adapt to survive.

The retail trader was highly benefited.

I wrote something like this yesterday:

I guess it´s time of the "who is who" as i was reading in euromoney.

An interesting article talking about banks. They provide liquidity but they don´t see any profit for that, also if you compare with forex brokers profits, banks are in the dumb chair.

I don't think the banks wants to lose a portion of the pie.

Forex is non-centralized market, but if I have to choose between a common broker and one working under CME with reuters data I don´t think twice.

Also, and maybe, it´s dead time to non commission forex brokers. We all know we pay more than little commissions with the current spreads and price manipulation.

Maybe in a close future, one broker will charge 1 pip per trade as commission, meanwhile the spread will be low or less than 1 pip.

The futures spread and advantages + forex liquidity and advantages.

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Well there are two other major groups in this area besides Bloomberg that I know about (and I'm interested in more). Both MBTrading and Hotspot FX qualify as ECN or 'level 2 tradering' I believe. On MBTrading earlier today, I noticed 75,000 lots * 10k sitting in pending trades on the level 2 screen for one currency pair. About 10 seconds later, half of them had moved and this wasn't news time.

In checking the highs and lows against my broker data, I noticed that the ECN had obeyed support and resist lines I had forecast by 1 pip. Broker was 6 pips away. At the same time the broker had a spread of 3 pips while the ECN had a spread of 0 pips. (Low to no volume, JPY session) During GBP and USD markets the spread is usually 1 pip for EURUSD, USDJPY, GBPUSD, USDCHF, plus 4-8 minors that float up to 2 or 3 pips. When the spread is 4 pip, the panel flashes red.

I am very interested in this because I have an EA that is very profitable on ECN data (even at the higher broker spread calculations) but not very profitable on the broker chart data.

I'm in the process now of converting the EA over to run directly on the ECN.

Hi,

yes, but how do you get around not being filled or being partially filled?

For example, I have manual demo traded with MBT in view to opening a live account but I find that many times I am not filled on my orders which were not even placed during news times.

You got the point.

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Switch brokers, or go up to the ECN if you want to get filled. MBTrading doesn't guarantee your orders, because now you are really trading "over the counter" and need to find a buyer or seller. MBTrading has a parameter for a "buy limit" - in other words you're placing a buy, and how much *more* than market are you willing to go up in order to get your order filled. In a true OTC system, this is a necessary parameter. It is similar to slippage, but not identical.