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dream1975

Registered: May 2012
Posts: 3

06-14-12 08:26 PM

Hello!

I am looking for an ECN broker who offers the ability to trade all currencies physically available or at least most of them (both fixed and free-floating) rather than a small number of pairs. For example Turkish lira, Romanian lei, Venezuelan bolivar fuerte and etc.

I would be extremely grateful if anyone could help me with this.

Best regards

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Jack_Larkin

Registered: Jun 2011
Posts: 492

06-14-12 10:09 PM

You're not going to find an "ECN" that's efficient for the pairs you want...

Maybe look to a market maker instead.. since that's going to be your best avenue to get the really exotic stuff... a few good ones:

CitiFX has 130+ pairs, many exotics

Oanda has many exotics as well, and a lot of exotic crosses.

neither are "ECNs"

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peregrinecap

Registered: Feb 2010
Posts: 79

06-15-12 01:22 AM

funny guy. i will make you a market in USD-MSC (Macao Sands Chips).

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southbeach4me

Registered: Jun 2009
Posts: 883

06-15-12 04:25 AM

dream, you need to come down from cloud 9

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dream1975

Registered: May 2012
Posts: 3

06-15-12 08:37 AM

Why? What is so bad in what I said?

These currencies exist so there must be a way to trade them. They must somehow exchange money. Isn’t there any option in the world to trade them?

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oldtime

Registered: Jun 2011
Posts: 7357

06-15-12 09:54 AM

Quote from dream1975:

Why? What is so bad in what I said?

These currencies exist so there must be a way to trade them. They must somehow exchange money. Isn’t there any option in the world to trade them?

you are correct, they can be exchanged, but that doesn't neccessarily mean traded. All the money is made in the spread by the market maker. Whereas,the major spreads can be very tight and the dealer makes it up on volume.

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