Re: CMC Markets - Next Generation Platform Quote:
Originally Posted by craigci05 Thanks for the feedback
We don't offer futures or forward contracts on the next gen platform, everything is now a cash price. By offering one price for each product we hope to make SB easier for client to get to grips with rather than offering 4-5 different contacts for each instrument.
I too like the pop out functions, I will talk to the developers about this feature
We were 2 points on the UK100 but have now dropped to 1.3, we are one of the few providers to offer fractions of pips on spreads, it also allows us to go even tighter in the future
If you compare the City Index Dow price to almost any other provider you might notice their price could be quite far out from the futures market (which most SB firms use as a bench mark) Offering 1 point on the Dow is almost counter productive if you are 3-4 pips away from the bench mark, (if i have this wrong please comment appropriately)
I don't think even CMC gets 1 point spreads from the exchange and as we activily hedge our client positions its unlikely we could go to 1 point
Thanks for the feedback, the charts will come soon
Regards
Craig |
To be honest I find city to be very close to where it should be and if they were to be to far out because the price you see allows you to trade short or long they would leave themselves open too abitradge.
Anyway probably best to move on from this issue as you have made your point and so have I.
And to be fair your platform is a lot more stable than citys when things get wild
Like you I find it hard to understand how a company can make money with 0 or even 1 point spread on the dow unless they are not hedging.If I was running your company which of course I am not  I would say that 2 points is probably fair as this is what the market leader offers.
You also make a very good point if you make money trading you will probably make money with whoever you tarde with(unless you are doing very low point scalps all day) and if you do feel you are being treated unfairly by the sb's you can always open a real futures account.
I think many blame the sb's when the real reason they lose money is poor trading discipline and money management,the sb's are an easy target in this respect.
Have a good weekend
Tim |