CMC markets -legal action

one mill,

my system freeze lasted until i noticed and restarted the software, had to be restarted about 3 times before it stayed live, this happened just before the us open.

Alan 'Very amusing. The point I was making is that RT market price should be bang in the middle of any reputable SB's quote.'

This simply is not the case, if you take a look at the capital spreads thread simon has openly said that the price feed goes through their systems first gets adjusted by whatever formula they have applied to it and then gets passed on to clients. This creates a bit of a lag when prices move sharply. some Clients with a real time data feed then use this to make money at the sb comps expense, when this is noticed the accounts are either frozen/shutdown or some say the the sb will screw you over to get their money back.

As for slow fills, I have traded direct access as well as with cmc and anyone who thinks fills are instant on direct access hasn't used it, remember a real person has to want to buy/sell to you at the given price, if your entry is at the extreames of support or ressistance you will struggle to get filled with large, remember everyone else can also see what you see.

Rubbish, clearly you havn't got a clue about market-making.

You've obviously never read any of my comments

I do have a CMC account, but I only opened it because they were giving you money to open it at the time so it doesn't really count.

AFAIK CMC have absoultely no obligation whatsoever to match the real market except on the expiry of the bet. The only reason it would be sensible for them to do so is because if they were consistently way off they'd be arbed to buggery. Therefore they can't be much out much of the time by more than a few ticks... and if a few ticks matter to you then you shouldn't be spread betting, surely?

where is buggery,can,t seem to find it in the thomas cook brochure?

Arabiannights will be more than happy to show ya - hey - that's what advisors are for

40 contracts is a drop in the ocean, they would easily get 'absorbed' and more at the same price. This is why DA is professional and S/B is non-professional...do you see or do you not see?

Around 1997-98, acting as market-makers, CMC were one of the first fx players to offer spot to the retail market and their quotes were equal to the touch price (on Reuters) 95% of the time.

Do you think CMC’s (or any other SB’s) real-time quotes are derived from Thomas Cook’s tourist rates on Teletext ? I reckon their IT infrastructure and pricing algorithms are a little more sophisticated. At a guess , I would say at the very least it would identify breaches of the ‘no-arbitage’ condition and adjust prices accordingly.

“Lags” with today’s technology? I can’t see how this is possible. Unless it is a variation of the ‘bait and switch’ method, eg give the impression of system weaknesses that can be exploited by the ‘sophisticated’ who will pile in with ever greater size, then one day... oops.

For SB’s software, look here:

MT4 Brokers' Virtual Dealer Plug-In

And for a discussion:

Forums - IRONY: Metatrader4 forgot to shred this document..evidence of scam

Grant.

grantx,

Good stuff mate, needs bringing to the attention of others, including people that complain about the companies that use this, including the ones who defend them without knowledge of this.

I knew this existed but couldn't find any info on it.

Now I have it.

Thanks.