Gotcha. I had been unaware that FXCM had an ECN setup.
Http://www.atcbrokers.com/forums/vie...astart=10#p302
http://www.atcbrokers.com/forums/vie...php?p=302#p302by http://www.atcbrokers.com/forums/mem...iewprofileu=53 on Tue Apr 28, 2009 9:41 am
This communiion reviews process regarding Market Range order form which was to go online this week, to encourage slippage control and decrease delayed fills. After testing with FXCM on keeping market range a week, (tested in a demonion setting), FXCM reported updated the process to the live environment over the weekend.
Monday morning, April 27, ATC confirmed with FXCM, the update had been put in place on the FX reside environment. Upon our subsequent in kind at 17:00, its fitting update which grossly failed to process in live and was reverted immediately was set up by ATC.
Upon contact to FXCM to determine the cause of errors encountered, ATC was informed by FXCM direction that FXCM had in fact not updated their live environment, as a consequence of compliions that their demo testing was having with other parties linking to them.
At this time, ATC is left to assume that next Monday, FXCM will attempt again to resolve this issue. However, without the willingness of FXCM ownership to come forward and commit to a more comprehensive solution, ATC remains concerned that even among the limited advantages of Range IOC slippage management, lack of true Depth of market fills will find traders with numerous tight suits or order rejections. Range IOC is at best, a restricted approach to the issue of design of true ECN behavior or handling liquidity.
It is regrettable we know of these limitations well after accepting FXCM's commnt to offer dependable quality of fill capacity. It appears that FXCM is caught in a technology vacuum it is management or ownership isn't able to find lasting solutions for, short of creating a new ECN they may aspire to control more faithfully. In short, FXCM appears to be trying, but continued to run into a barrier of technologies so many companies have in acquired or custom solutions.
ATC will update here farther, of any information we might learn about this from FXCM.
If there's something positive to discuss, spreads have improved the majority of the desired goal symbols, sustaining so much even on the day EST sessions.
Month they will begin of becoming separate from fxcm, I was advised. With lesser commissions and more lp's, lower spreads etc.. Eurusd is supposed to be .2/.3 pip, commission $30 per million.
Dont believe they have the money to become a full fledge broker, mabe they hooking up with another broker as IB profitOriginally Posted by ;
Nevertheless will be my favorite brokerage, but it Will Seem like they're setting up for a full fledged brokerage outside the US:
https://www.fsa.gov.uk/register/firm...0__?sid=309581
Looks like they're teaming up with a Mr Ruscak Vladimir, same Man behind FX Hill
I am with IB, but I believe atc is decent too and may be a good choice or broker to the side. Do not know about fx hill.Originally Posted by ;
I would concur. Can't view ATC wanting to install the $20m in internet capital they'd want to to get setup. And of course, since they've fine and that BCC in the NFA for taking the side of their clients' trades I can't see the NFA making it easier for them to get started.Originally Posted by ;
Http://www.fsa.gov.uk/register/firmP....do?sid=309581 Dealing in investments as agent but do not have Dealing in investments as principal as with other broker. What exactly does this imply?