Thx -- I guess it is not yet the solution. Wonder if HotspotFX will beat it now that it's part of Knight and given that Reuters is being taken out by Thomson -- clearly info focused vs. exchange/ECN focused.
Hotspot is the one I am currently focused on. I also use IB, but that is mostly for hedging fx futures. The thing I like about Hotspot is the participating partners - there is plenty of liquidity, even more if you go institutional, but you need a prime broker for that. I'm currently writing a new front end for their FIX interface - mostly for some administrative and cosmetic stuff.
Maybe I haven't given them as much credit as I should. I never liked the following facts: 1) institutional and retail ECNs are separate; 2) you cannot deposit/withdraw in currencies other than USD (not that you'd want to, but it's like with futures -- the anchor of EFP settlement prevents funny business); and 3) post-Knight, they've been really quiet on the news/development front.
Hi former, I am very interested for your recommendation and I cant wait until getting response from Hotspot. Would you please tell me in short their min deposit req, leverage ratio, API charge, API documentation link, availability of historical data for backtesting, backfill.. etc ? What about Currenex ? For IB and MBT, it's not a good start for me becaues they have no historical data (or just 30 days for IB) for backtesting my strategies. Thanks.
I guess it's what we mean by regulated. The rules are not that tight in FX, but that applies to all players. HotSpot is an NFA member FCM. As I recall, it was also acquired by Knight Securities last year (Knight is a publicly traded comapny, operates DirectEdge, one of the larger ECNs, is a major MM in OTCBB issues, etc.)
???????? Can't comment on the API because I have signed a NDA (non-disclosure agreement) If you want that info, you have to ask them yourself. As to deposit info, etc. it has already been discussed here, IN THIS THREAD, no less and elsewhere on this sight. Don't be lazy.
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