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Alpari UK
Registered: Apr 2012
Posts: 16 |
05-04-12 02:32 PM
Quote from oilfxpro:
requotes
Hi Oilfxpro,
Thanks for your post.
Requotes have been around ever since markets were allowed to float and are a natural consequence of that.
If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader.
The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all.
Alex
________
Alexander Chadwick
Alpari (UK) Representative
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Cassius
Registered: Jun 2011
Posts: 7 |
05-04-12 03:43 PM
Quote from oilfxpro:
requotes
There are quite different conditions in different branches. Almost like it's different companies. As far as I know requotes are seen only in one "old-style" account type in Alpari NZ. Others have much better execution.
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shopster
Registered: Jul 2011
Posts: 1479 |
05-06-12 03:36 AM
Quote from Alpari UK:
Requotes have been around ever since markets were allowed to float and are a natural consequence of that........
-1
bucket shop.
the cold war continues.
s
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oilfxpro
Registered: Oct 2007
Posts: 1600 |
05-06-12 09:11 AM
Quote from Alpari UK:
Hi Oilfxpro,
Thanks for your post.
Requotes have been around ever since markets were allowed to float and are a natural consequence of that.
If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader.
The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all.
Alex
________
Alexander Chadwick
Alpari (UK) Representative
I have a live account with Alpari , I used it much less than other brokers and mainly for a few eas on mt4.
I use other brokers who execute at the price quoted .Nobody wants the headache and frustration of being re quoted when prices are moving fast .In stressful situations , the least you want is your broker adding to the uncertainty.
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amazingIndustry
Registered: Aug 2009
Posts: 570 |
05-06-12 04:26 PM
fuxx you, I can only say to this!!! You guys are the reason I try to keep unassuming newbies informed. Not a single sentence in which you do not make incorrect assumptions, outright lies, and misleading statements.
a) Requotes have not been around since bucket shop fx brokers (like yours) started paddling their wares at 500:1 leverage and minimum 1 USD trade size and other nice "features" to pull money out of beginners' pockets faster than the speed of light. There were no re-quotes in other asset classes, it all started when fx hit high street.
b) There are NO requotes when trading with ECNs. Interactive Brokers (I trade with them for over 15 years now) does not requote, you see a price on the screen and that is what you pay. In fast moving market right when news hit there may be slippage which is unavoidable but generally you even have price improvement over the stated bid and ask. So don't make up stories how market participants have to accept your grey zone schemes!!!
c) Your quote: "The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all."
AGAIN, a BLATANT lie: You dont need any PRO account (what is that anyway, the translation of Russion VIP???) to get straight pass through, I mentioned IB, there is MB Trading, there are a number other brokers that offer STP, and then you can trade directly through Hotspot, Currenex or other ECNs given you satisfy their account opening requirements.
People like you make me puke because you disseminate misleading statements and lies and pretend everyone is as shady as you!!! Shame on you!!!
Quote from Alpari UK:
Hi Oilfxpro,
Thanks for your post.
Requotes have been around ever since markets were allowed to float and are a natural consequence of that.
If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader.
The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all.
Alex
________
Alexander Chadwick
Alpari (UK) Representative
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oilfxpro
Registered: Oct 2007
Posts: 1600 |
05-06-12 05:19 PM
Quote from amazingIndustry:
fuxx you, I can only say to this!!! You guys are the reason I try to keep unassuming newbies informed. Not a single sentence in which you do not make incorrect assumptions, outright lies, and misleading statements.
a) Requotes have not been around since bucket shop fx brokers (like yours) started paddling their wares at 500:1 leverage and minimum 1 USD trade size and other nice "features" to pull money out of beginners' pockets faster than the speed of light. There were no re-quotes in other asset classes, it all started when fx hit high street.
b) There are NO requotes when trading with ECNs. Interactive Brokers (I trade with them for over 15 years now) does not requote, you see a price on the screen and that is what you pay. In fast moving market right when news hit there may be slippage which is unavoidable but generally you even have price improvement over the stated bid and ask. So don't make up stories how market participants have to accept your grey zone schemes!!!
c) Your quote: "The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all."
AGAIN, a BLATANT lie: You dont need any PRO account (what is that anyway, the translation of Russion VIP???) to get straight pass through, I mentioned IB, there is MB Trading, there are a number other brokers that offer STP, and then you can trade directly through Hotspot, Currenex or other ECNs given you satisfy their account opening requirements.
People like you make me puke because you disseminate misleading statements and lies and pretend everyone is as shady as you!!! Shame on you!!!
++
Delaying client's order whilst looking for liquidity on euro/usd . or looking for the most profitable spread + interbank rate from a dozen liquidity providers , whilst holding client order?
Since when did liquidity become a problem on eur/usd?
The execution is sometimes slow.
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