Conflicts of interest will always exist when your broker is counterparty, it's the nature of the business and there's no way around that at these levels. Comparing 2 jet engines and 2 parachutes to having 4 broker accounts instead of 1 would be alright if mean you need to spread funds around in case one broker goes bust, but that wasn't what you were saying, or was it
Hotspot FXr as Principal. Hotspot FXr does not operate a dealing desk nor does it trade against you. It is statement that your order would sended without intermediary direct to bank & But not that company would not take another side of the order . Company have proprietary trading desk ! And can not be pure agent of principal Or common pure agent of multiple principals Income of the company from proprietary trading broadly depend from knowledge of client's tactic and behaviar . USA and EU law not forbidd for company use information about clients for proprietary trading desk . By pure agent of principal by client agreement must be ...company and he#s affiliate have not proprietary trading desk and proprietary trading activities in any form ...
Conflicts of interest will always exist when your broker is counterparty, it's the nature of the business and there's no way around that at these levels. Please ask harward law scool through internet what is pure agent of principal from romian law ###################### Comparing 2 jet engines and 2 parachutes to having 4 broker accounts instead of 1 would be alright if mean you need to spread funds around in case one broker goes bust, but that wasn't what you were saying, or was it Please make good study of all aspect of game theory Puankare ,Shannon ,John von Neuman Wihtout fundamental knowledge author can not disscuss with you . Your respectfully ...
Counterparty, they all are. It's a bit academic what they say they do after they've filled your order.
Sorry but what you're saying simply doesn't make any sense! Why is it better to have 4 accounts of $1750 than 1 account of $7k? Are you talking about 4 accounts at 4 different brokers or 4 accounts with one broker? I'm not sure how I can ask the question any clearer.
Well it was my understanding that's one of the primary differences between FXi and FXr. On FXi (like Currenex, Lava, etc), your orders are transacting directly with other banks/traders on the system. Whereas on FXr, your orders are indirectly transacting b/c Hotspot is manually offsetting positions.
Even on the institutional platform it is not acting as the market maker. It's the counterparty because in the same way that CME or Eurex Clearing is the counterparty to trades on the exchange. The hedge funds who use it are not daft and they have massive choice where they trade. There will be times when the price has changed as it is being dealt on, which in theory raises several possibilities, including: Hotspot is liable to the trade and out of court, Hotspot is liable to the trade and in court. Hotspot may bust it. Hotspot had to have the right to bust trades because the latency arbers were all over the banks a few years back. Despite what anyone might think, the banks run the market and most other market makers are liquidity repackagers. Without the banks, platforms have no liquidity, so Hotspot had to do several things which are not that savoury, but a necessity.
What What has that got to do with the way marketmakers fill orders? It's not going to change because it simply can't change at these levels.
Well I quoted the FXi agreement by mistake and that would suggest FXi is counterparty. You quoted FXr and that said they are also counterparty. There doesn't seem to be a lot of difference in that respect.