hotpsotfx as pure agent

Discussion in 'Forex Brokers' started by ssss, Mar 27, 2008.

  1. ssss

    ssss

    above
    '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''

    1.It is not regulated market in Swiss ...

    2. Moderator attention ,please .... Promoution from Mr.Stewart duplicated multiple time's in multiple thread

    3. Offer of Mr.Stewart is Metatrader platform M4X Trading Platform -read
    about it -

    http://nondealingdesk.com/showthread.php?t=3080

    After discussion thread was deleted
     
    #11     Mar 28, 2008
  2. bpcnabe

    bpcnabe

    pls don't quote him so we can get his spam posts removed and any reference to his firm lifted from this site. last I checked he was not a paying sponsor. Baron ain't doing this for free.
     
    #12     Mar 28, 2008
  3. The guy said that they have not updated their website yet.
     
    #13     Mar 28, 2008
  4. cstfx

    cstfx

    Their commission is more accurately stated as:

    $3/100k b(ase) c(urrency) u(nit) per side/leg.

    Translated, if you trade GBP/USD, a 100k lot is 100k GBP bcu's and even tho dollar value is around $200k, the commission is charged against the units, not the dollar value as most other ECNs commission schedule.
     
    #14     Mar 28, 2008
  5. ssss

    ssss

    #15     Mar 28, 2008
  6. ssss

    ssss

    For information

    Dear ssss

    Hotspot FXr LLC does not trade on a proprietary basis. We do not trade against our clients. We do not have a trading desk. We have sales, IT and support
    desks available from Sunday at 5:30 PM ET until Friday at 5 PM ET.

    Please let me know if I can answer any other questions. Thank you.

    Regards Barry

    Barry E. Calder
    Director
    Hotspot FXR LLC
    545 Washington Blvd.
    Jersey City, NJ, 07310 USA
     
    #16     Mar 28, 2008
  7. ssss

    ssss

    Operator wrote -They only get price feeds from 4 banks. They are looking to add a 5th soon.


    Which of ?

    Which fraction of liquidity is offered ?

    As example for eur/jpy ,aud/jpy ,gbp/jpy ,nzd/jpy (low volume
    compared to eur/usd ,usd/jpy)

    If this fraction is low ,alsov in case of hotpotfx is pure agency ,

    some great operator can buy/sell on hotspotfx and sell/buy
    buy another liquidity provider

    Any comment would appreciated
     
    #17     Mar 28, 2008
  8. ssss

    ssss

    old hotspotfx thread

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=115003&perpage=6&pagenumber=1
    ######################################
    cabletrader


    Registered: Dec 2007
    Posts: 591


    01-22-08 07:46 PM



    --------------------------------------------------------------------------------
    Quote from drasfs:

    cabletrader: I might getting the hang of it know.. Being with brokers who only have fixed spreads can make you so dumb.
    --------------------------------------------------------------------------------



    It takes some adapting to for sure, especially where stops are concerned and there's data due out



    cstfx

    Hey cstfx why not post it here in the thread, we may all learn something, and that way you can point out where other people are misinformed!
     
    #18     Mar 28, 2008
  9. yeah, you are right - i was talking about round turn
     
    #19     Mar 28, 2008
  10. ssss

    ssss

    http://www.sec.gov/Archives/edgar/data/1060749/000119312508042687/d10k.htm

    s40 from knight trading 10 -k


    Global Markets



    The results of our Global Markets segment for the year ended December 31, 2006 include the full year results of KEM, KCM, Direct Trading, KEMIL and Direct Edge ECN. Hotspot was acquired in April 2006 and Knight BondPoint in October 2006. The results of Hotspot and Knight BondPoint are consolidated from their respective acquisition dates for the year ended December 31, 2006.



    The results of our Global Markets segment for the year ended December 31, 2005 include the full year results of KEM, KCM, and KEMIL. Direct Trading was acquired in June 2005 and Direct Edge ECN in October 2005. The results of Direct Trading and Direct Edge ECN are consolidated from their respective acquisition dates for the year ended December 31, 2005.




    For the years ended December 31,
    2006 2005 Change % of Change
    Commissions and fees (millions)
    $ 410.4 $ 296.4 $ 114.0 38.4 %
    Net trading revenue (millions)
    243.8 165.6 78.1 47.2 %
    Interest, net (millions)
    12.2 6.6 5.5 83.6 %
    Investment income and other, net (millions)
    8.4 2.2 6.2 283.2 %

    Total Revenues from Global Markets (millions)
    $ 674.8 $ 470.9 $ 203.9 43.3 %

    U.S equity dollar value traded ($ billions)
    2,033.6 1,882.2 151.4 8.0 %
    U.S. equity trades executed (millions)
    225.5 204.1 21.4 10.5 %
    Nasdaq and Listed equity shares traded (billions)
    94.3 106.3 (12.0 ) –11.3 %
    OTC Bulletin Board and Pink Sheet shares traded (billions)
    1,063.1 718.8 344.3 47.9 %
    Average revenue capture per U.S. equity dollar value traded (bps)
    2.1 1.8 0.4 21.6 %



    Total revenues from the Global Markets segment, which primarily comprises Commissions and fees and Net trading revenue from our domestic businesses, increased 43.3% to $674.8 million in 2006, from $470.9 million in 2005. Revenues in 2006 were positively impacted by improved market conditions, higher dollar volumes, an increase in revenue capture per U.S. equity dollar value traded, the expansion of our electronic trading effort and the automation of executions of most of our broker-dealer order flow. Revenues in 2006 were also positively impacted by the addition of Direct Trading, Direct Edge ECN, Hotspot and Knight BondPoint. Revenues were also positively impacted by new fees charged to clients in connection with certain transaction-based regulatory costs incurred by the Company. These fees increased Commissions and fees by $19.2 million in 2006. Approximately $9.4 million of these fees are related to client transaction activity in 2006 while the remaining $9.8 million related to client transaction activity in 2005 and prior years.



    Average revenue capture per U.S. equity dollar value traded was 2.1 bps in 2006, up from 1.8 bps in 2005. Core Equity Revenues were $434.6 million and $330.4 million in 2006 and 2005, respectively. Core Equity Revenues do not include revenues from KEMIL’s European institutional business, Donaldson, Direct Trading, Direct Edge ECN, Hotspot and Knight BondPoint.
     
    #20     Mar 29, 2008