no it wasnt, simple question for a simple answer and everyone went crazy, i can't believe this guys has 3,7mill or trade that kind of volume O.M.G. this guy moe must be lying, L.M.A.O. any way im sure you guys are big traders with big account enjoy.
I have Moe on ignore on my PC, but not my laptop. Wait a sec. There,that's better! Oh yeah,just had to log-in
Moe, you have been given several brokers that allow you to put through 100 mill clips at once. Yet you keep asking the same question. What more do you want?
Although I have doubts about the original poster's veracity, he does ask a valid question. However, since no one has discussed what speculation in FX is like at large level, I'll offer my two cents. Since deception is key, it would be advisable to have at least 10 accounts with different brokers. That way, you can move size without attracting too much attention. FX, at the highest level, is a very insular game, and all the players have a good idea what their opponents are holding in their hand. In fact, if you have a big position and don't know who's on the other side( and not think it's just the dealer on the other side, as they lay it off), then you have a big problem. Instead of trying to be a big swinging dick, it's better to check the ego at the door, and try to concentrate on making money. Jeff
That is what my thoughts are - once you get to a certain size, multiple accounts/prime brokers and the manner in which you execute in and out of positions would be a major factor right? I don't think that the big players are routing their orders in and out of one channel without deceptive strategies and tactics.
Ha! Didn't we already go over this on FF months ago? I still recommend IB, and use ADM as a backup. IB can handle whatever size you can throw at them (I've seen individual orders of 100M in the EUR/USD book), however margins there are 2.5% now (double that for crosses, and higher for some exotics). ADM is decent, not enough time with them yet to give them a full review. If you go with them, don't bother with aarontrade, just call ADM directly, better rates that way. fxtrader42 would recommend DB autobahn or CMSFX's currenex (I'm testing their hub now). CMSFX is 2% margins, I thought ATC was 2% as well. To my knowledge, ADM, MBT, and Duka are the only ECNs with 1% (and they all have their pitfalls). When's the next big island party?
thank you everybody, b.t.w. atc broker can get you 1% margin but advise me if your trading over 50mill its best to get a quote from one of the banks in the system, aarone trade/adm also offer fxall so im looking at diffrent things at the time, i won't be making my move till the new year, any way thanks people. and no i didn't call any one a dummie who P.M. me. vcap have a good set-up too, i will decide by the new year.