TwoWayFutures

This is a discussion on TwoWayFutures within the Brokerages forums, part of the Commercial category; Originally Posted by JonnyT Are the monies safe? quite honestly JohnnyT, where is it safe? If you think the FSA ...

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Old Dec 21, 2005, 3:14pm   #61
Joined Aug 2004
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Originally Posted by JonnyT
Are the monies safe?

quite honestly JohnnyT, where is it safe?

If you think the FSA will help if need be, then think again. I was in one of the Aberdeen Split Capital Trusts, so know

I personally believe that its possibly safer in Gibralta.
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Old Dec 21, 2005, 3:54pm   #62
 
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The FSA doesn't cover this outfit as far as I can make out as they are not licensed to hold client monies in the UK...
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Old Dec 21, 2005, 4:08pm   #63
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Originally Posted by JonnyT
The FSA doesn't cover this outfit as far as I can make out as they are not licensed to hold client monies in the UK...

JonnyT

I know this.

But as I said in the previous message, what does this matter.

If you think that by dealing under the eyes of the FSA that you have any real protection, then dream on.

As i said, my view is that the Gibralta Authorities will offer better protection anyway.
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Old Feb 8, 2006, 12:55am   #64
Joined Dec 2005
TwoWayFutures

Does this company offer trading in USA stocks yet, via SpreadBets?
In particular the Gold Index XAU and it's constituents NEM, ABX, AU, AEM, FCX, PDG, GFI, GG, HMY, GLG, KGC, MDG and PAAS?

If so could you tell me the Max commission charged?
And the minimum trade size, ie can I trade 1x share?

I would be interested in access to an API.

Cheers
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Old Feb 9, 2006, 8:14am   #65
Joined Jun 2004
Hi Spreadrisk

Yes we do offer US shares as spread bets. We have only just launched our shares about 1 month ago, so our US offering is at present basically the Nasdaq 100 and S&P 100. This of course will be increased as we go...but we have to start somewhere. New instruments can be traded on a case by case basis. If you have an account then we can simply add an instrument for you to trade.

Our commission rates vary between 2.5 and 7 cents per share per side depending on volume. This is a fixed charge on the live bid/offer from the US exchanges.

We trade in £ per point on shares, and our smallest trade size is £1, which is the equivalent to roughly 175 shares.

I note your interest in an API.

Should you have any more questions, please let me know.

Kind regards

Adrian Buthee
TwoWayFutures
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Old Feb 9, 2006, 8:43am   #66
Joined Dec 2005
Quote:
Originally Posted by apples10
quite honestly JohnnyT, where is it safe?

If you think the FSA will help if need be, then think again. I was in one of the Aberdeen Split Capital Trusts, so know

I personally believe that its possibly safer in Gibralta.
not certain but think that trading in usa futures with fsa members in the uk is not covered by the fsa.
i noted this on a site when looking for a broker.
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Old Feb 9, 2006, 9:29am   #67
Joined Oct 2005
Adrian,

You say on your website that you hedge all client positions in the underlying market and that your profits come from applying a spread to these. I dont understand how you can offer a 1 point spread on the eMini DOW, hedge yourselves in the YM contract and still apply any markup for yourselves, can you explain ?
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Old Feb 9, 2006, 9:35am   #68
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eatontrade - I dont understand how you can offer a 1 point spread on the eMini DOW, hedge yourselves in the YM contract and still apply any markup for yourselves, can you explain ?
The spreads refer to each side of the trade (per lot) so for mini dow 250-1000 lots per month (125 - 500 round turns) = 2 point spread per round turn.

I am becoming a fan of this company, but would need to be doing over 1000 lots per month to switch probably. This may still be more than if trading direct access, but when you subtract 40% from their spreads.......Over 4000 lots per month and they become extremely good value.

There margins are higher than IB, &Tradestation, other spreadbetters.......
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Old Feb 9, 2006, 9:40am   #69
Joined Oct 2005
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Originally Posted by jtrader
The spreads refer to each side of the trade (per lot) so for mini dow 250-1000 lots per month (125 - 500 round turns) = 2 point spread per round turn.

I am becoming a fan of this company, but would need to be doing over 1000 lots per month to switch probably. This may still be more than if trading direct access, but when you subtract 40% from their spreads.......Over 4000 lots per month and they become extremely good value.

There margins are higher than IB, &Tradestation, other spreadbetters.......
Thanks. I'm currently using tradestation for YM, have you found much of a difference in time delay between the direct access market and going though this company ?
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Old Feb 9, 2006, 9:45am   #70
Joined Jun 2004
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Originally Posted by eatontrade
Adrian,

You say on your website that you hedge all client positions in the underlying market and that your profits come from applying a spread to these. I dont understand how you can offer a 1 point spread on the eMini DOW, hedge yourselves in the YM contract and still apply any markup for yourselves, can you explain ?
As you say, we apply a spread to the underlying market, which is where we make our money. The amount of spread we charge is a function of volume...the more you trade, the cheaper it is. This spread is basically our commission.

In essence, you place the hedge for us in the underlying market. The spreadbet / derivative is then instantly allocated to your account at the new spreadbet price (Market Price +/- our commission spread). We take no proprietary positions.

The 1 point refers to the Normal Market Spread on the Mini Dow, traded on the CBOT. The fixed spread we charge generally varies between 1pt and 0.18pts, dependant on volume. You also have the benefit of working orders on the market, so buying on the bid and selling on the offer, which in reality, allows your spreads to be cut to almost nil.

I hope this clears this up.

We do have a seminar in London tonight if you fancy learning a bit more about us.

Adrian Buthee
TwoWayFutures
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Old Feb 9, 2006, 9:46am   #71
Joined Dec 2002
I'm not trading with them, I've just looked into them. They say that all trades are instantly automatically executed and hedged. It's like trading DA, as you would see your position on market depth screen.
There might be a very slight delay of milliseconds in comparison to DA trading as 2 trades (your trade, their hedge) need to be placed rather than one, but don't know if this is in anyway detrimental to clients.
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Old Feb 9, 2006, 9:50am   #72
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Originally Posted by eatontrade
Thanks. I'm currently using tradestation for YM, have you found much of a difference in time delay between the direct access market and going though this company ?
The execution is instant. You use a futures trading platform called Ffastfill. Optional one click execution and you can trade on the ladder.

We are also currently working on integrating our platform with Ninja Trader, which should be live within a month or so...we hope.

Kind regards


Adrian Buthee
TwoWayFutures
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Old Feb 9, 2006, 9:55am   #73
Joined Oct 2005
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Originally Posted by adrianbuthee
The execution is instant. You use a futures trading platform called Ffastfill. Optional one click execution and you can trade on the ladder.

We are also currently working on integrating our platform with Ninja Trader, which should be live within a month or so...we hope.

Kind regards


Adrian Buthee
TwoWayFutures
Thanks for answers Adrian & Jtrader. Will open an account with small funds and trial it.
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Old Feb 9, 2006, 10:06am   #74
Joined Dec 2005
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Originally Posted by eatontrade
Thanks for answers Adrian & Jtrader. Will open an account with small funds and trial it.
have been trying training software the past week. been comparing it to my cmc account. would of made more on my trades this week than with cmc. its about the same deposit as i hold with cmc so i am going to give it a go. the scalping ladder is a1 imo.
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Old Feb 9, 2006, 10:17am   #75
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Originally Posted by dcarrigan
have been trying training software the past week. been comparing it to my cmc account. would of made more on my trades this week than with cmc. its about the same deposit as i hold with cmc so i am going to give it a go. the scalping ladder is a1 imo.

adrian

if is not a trade secret would it be possible to tell me how many future clients you have at the moment
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