I have to say I thought Odd Traders comments were entirely justified. Risktaker implied if you were a serious trader then you should be using...
Agreed. If someone has been deemed to be managing 'investments' without the correct FSA approval then it is a criminal offence. Making...
Yes, because the agreement would have broken the law and been invalid. However if he is only trading it for 1 person then it is a grey area and...
If you are only managing one persons money then you will be fine - as long as it isn't a little old lady who doesn't understand the markets and it...
Sorry to be a bore but are you registered with the FSA ? If not then if it goes wrong then you could be personally liable for all losses, or at...
One final question. You have (at last) admitted if a client has an exposure you roll it over tom/next. This is of course the prudent and...
So you do cover it, as I would expect you to. And as such you are not just acting as an ECN but also as a prime broker. And so like all...
So if a client has sold £5m and bought dollars it is hedged via your platform with say UBS who were paying 1.9700 for £5m. However at the end...
You have not answered a very simple fundamental question. How do you hedge your different customer's exposure at the end of the day?
What would you like clarifying? Are you saying a 5 cent spread is reasonable? Are you saying you have no mismatch on your book at the end of...
My point entirely. They allow customers to have an exposure and then have swap lines with a bank(s) to ensure they do not have large credit or...
So if a customer has an exposure how do you cover that at the end of the day? Or are you saying that at the end of every day there is no...
A bank ? - you mean your bank, as you instruct them and choose to hold your accounts with them. Who you allow to take a 5 cent margin - for...
I requested some funds backs from MBT once upon a time. Despite being a foreign exchange company the conversion rate when they sent the dollars...
I was only messing around, don't become 'the all too serious viper'! My semi serious point though was that you dont have to be an employee or...
Are there traders in the States then?! Or are these trade shows designed to persuade people that they can buy the holy trail of trading sytems...
I find this definition of a 'pro' very odd....
As I understand it as well on some of the currenex applications the futures price is one of the price feeds anyway, adjusted back to spot.
What are you doing when trying to trade the news then? Surely you are attempting to trade the figure before the price engines have reacted?
Are you saying that basically all bank quotes on currenex are RFQ rather than live pricing - ie the bank has to accept or decline each trade as it...
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