CMC Markets - Next Generation Platform

This is a discussion on CMC Markets - Next Generation Platform within the Spread Betting & CFDs forums, part of the Commercial category; Hi CMC You have stated that there are no requotes with your new software. So what happens when the market ...

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Old Sep 7, 2010, 10:29am   #31
Joined Aug 2010
Re: CMC Markets - Next Generation Platform

Hi CMC
You have stated that there are no requotes with your new software.
So what happens when the market price changes after I have clicked to trade and before you have processed the order. Believe me, in a fast moving market this can occur.
What will happen then, surely you will requote me a price?
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Old Sep 7, 2010, 10:40am   #32
Joined Jan 2008
Re: CMC Markets - Next Generation Platform

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Originally Posted by BeerMonster View Post
Hi CMC
You have stated that there are no requotes with your new software.
So what happens when the market price changes after I have clicked to trade and before you have processed the order. Believe me, in a fast moving market this can occur.
What will happen then, surely you will requote me a price?
The next gen system is 100% automated with top end computer systems to ensure your trade is executed at the price shown up to a maximum stake size which is clearly visible on our fact sheets. For example on the UK100, our max size for one order ticket is £100 per point (though you could do multiple trades of £100 to build up positions) This max size is related to the liquidity that is available to ensure we can cover your position. On GBP/USD our max ticket size is £200 per point.

Again I invite you guys to open demo accounts and place trades during volatile and fast moving market conditions to see for yourselves the difference in quality to what you have experienced before

Hope the trading is going well

Regards

Craig
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Old Sep 7, 2010, 10:50am   #33
Joined Jan 2009
Re: CMC Markets - Next Generation Platform

JDTRADER started this thread
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Originally Posted by craigci05 View Post
I'll be the first to admit that the charts are currently a little basic but you guys know now what our plans are going forward. It is a worry of mine that some clients will look at the platform for 5 mins, see only a few technicals and make a snap judgement about its capabilities as a trading platform, that's exactly why I feel compelled to ask you guys to simply try it out, compare the pricing and compare the execution to your other providers. I think you will be pleasantly surprised. We never walk away from an order ticket, you will always get filled. We have no requotes and don't operate with a fill or kill policy, as other firms do.

Ultimately, the provider that offers the best execution with constantly competitive pricing will be the one that gets all the business, the charting and other more exciting tools and features will come shortly.

The idea is to offer a core system for everyone with more advanced tools and functions added to cater for more sophisticated traders.

Thanks for the feedback so far

Regards

Craig
Ok well I'll sit on the demo and pop in from time to time.

Craig please post any new updates as they come please.

As in Dragons Den, until there is some financial incentive to deposit......I'M OUT
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Old Sep 7, 2010, 11:14am   #34
Joined Aug 2010
Re: CMC Markets - Next Generation Platform

Unless I am mistaken, if you say "no requotes" then we must be prepared to expect slippage and slippage of an unknown amount as I guess that we are unable to enter limit orders at the current market price?
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Old Sep 7, 2010, 5:47pm   #35
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Re: CMC Markets - Next Generation Platform

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Originally Posted by BeerMonster View Post
Unless I am mistaken, if you say "no requotes" then we must be prepared to expect slippage and slippage of an unknown amount as I guess that we are unable to enter limit orders at the current market price?
Because we have added extra decimal points on to many of our most popular instruments, to offer greater price transparency, you can actually set limit orders fractions of a pip away, if you wish.
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Old Sep 7, 2010, 10:07pm   #36
Joined Jul 2010
Re: CMC Markets - Next Generation Platform

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Originally Posted by JDTRADER View Post
Ok well I'll sit on the demo and pop in from time to time.

Craig please post any new updates as they come please.

As in Dragons Den, until there is some financial incentive to deposit......I'M OUT
Until there is a promise from Craig/CMC re: my post he seems to have not responded to (promising no requotes ever) then I'M OUT!!


Edit: don't mean to be harsh, but let's face it, CMC now have a mountain to climb after YEARS of Peter Cruddus (founder of CMC) stealing from us mug retail punters by opening positions we never opened, closing positions we never closed, requoting to death, freezing, taking the p*ss... Craig, I'm sure you're a lovely guy and you mean well and you know what? I actually wish CMC well on this mountain they must now climb - but the internet is LITTERED with CMC horror stories and I have one of my own so... you'll excuse our skepticism on here I hope.

Edit 2: notice on Post 29 Craig said: "...we now actively hedge our client positions..." notice the word NOW. That means it's now been offically revealed!! For years CMC did NOT hedge our positions which naturally means they played bookie pure and simple!! I knew it!!! If we lost, they won, if we won, they lost.... you can never ever ever ever use a "broker" like that as you will never win even if you find the Holy Grail. Again, CMC: I wish you well in changing the face of SB with your new sense of morality but is it too little too late for anyone who's been around in this industry for a few years and has rubbed shoulders with you guys before.......?

Last edited by Tired_Of_Conmen; Sep 7, 2010 at 10:15pm.
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Old Sep 7, 2010, 10:49pm   #37
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Re: CMC Markets - Next Generation Platform

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Originally Posted by Tired_Of_Conmen View Post
Until there is a promise from Craig/CMC re: my post he seems to have not responded to (promising no requotes ever) then I'M OUT!!


Edit: don't mean to be harsh, but let's face it, CMC now have a mountain to climb after YEARS of Peter Cruddus (founder of CMC) stealing from us mug retail punters by opening positions we never opened, closing positions we never closed, requoting to death, freezing, taking the p*ss... Craig, I'm sure you're a lovely guy and you mean well and you know what? I actually wish CMC well on this mountain they must now climb - but the internet is LITTERED with CMC horror stories and I have one of my own so... you'll excuse our skepticism on here I hope.

Edit 2: notice on Post 29 Craig said: "...we now actively hedge our client positions..." notice the word NOW. That means it's now been offically revealed!! For years CMC did NOT hedge our positions which naturally means they played bookie pure and simple!! I knew it!!! If we lost, they won, if we won, they lost.... you can never ever ever ever use a "broker" like that as you will never win even if you find the Holy Grail. Again, CMC: I wish you well in changing the face of SB with your new sense of morality but is it too little too late for anyone who's been around in this industry for a few years and has rubbed shoulders with you guys before.......?
CMC Markets have been working in partership with our clients for some time, thats why we created our award winning trader education programmes, gave our clients their own personal account managers, offered one 2 one training with risk free trading, followed now with our next gen system with automatic stoplosses, 100% automation, no dealer intervention, extra decimalisation, spread charts (to be able to see our bid/offer spread) and the most transparent and consistant pricing to grace the industry.

You are right there is a huge mountain to climb, it is a challange CMC will rise to, because we do something many do not, put the customer first, and i hope by reading these responses you guys can get a sense that this is geninue and not just the usual BS you are used to.

Spread Betting is a greatly useful tool for trading the financial markets and the provider that truely offers UK customers the service they demand will be a great company indeed.

I hope that you will get the chance to see for yourself once the good feedback filters through

Have a good night

Regards

Craig
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Old Sep 7, 2010, 11:18pm   #38
Joined Jul 2010
Re: CMC Markets - Next Generation Platform

Quote:
Originally Posted by Tired_Of_Conmen View Post
Until there is a promise from Craig/CMC re: my post he seems to have not responded to (promising no requotes ever) then I'M OUT!!


Edit: don't mean to be harsh, but let's face it, CMC now have a mountain to climb after YEARS of Peter Cruddus (founder of CMC) stealing from us mug retail punters by opening positions we never opened, closing positions we never closed, requoting to death, freezing, taking the p*ss... Craig, I'm sure you're a lovely guy and you mean well and you know what? I actually wish CMC well on this mountain they must now climb - but the internet is LITTERED with CMC horror stories and I have one of my own so... you'll excuse our skepticism on here I hope.

Edit 2: notice on Post 29 Craig said: "...we now actively hedge our client positions..." notice the word NOW. That means it's now been offically revealed!! For years CMC did NOT hedge our positions which naturally means they played bookie pure and simple!! I knew it!!! If we lost, they won, if we won, they lost.... you can never ever ever ever use a "broker" like that as you will never win even if you find the Holy Grail. Again, CMC: I wish you well in changing the face of SB with your new sense of morality but is it too little too late for anyone who's been around in this industry for a few years and has rubbed shoulders with you guys before.......?
I'm no great fan of spreadbet companies, and have had more than a few problems with them (inc CMC) over the years, but you're being a bit OTT now. No-one really believed that SBs needed to hedge every position. Particularly now that spreads are equal to, or better than, the underlying market they just couldn't operate that way. Most punters will lose without any devious tactics from the bookies, even with zero spread (as per WorldSpreads).
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Old Sep 7, 2010, 11:23pm   #39
Joined Apr 2010
Re: CMC Markets - Next Generation Platform

Quote:
Originally Posted by craigci05 View Post
CMC Markets have been working in partership with our clients for some time, thats why we created our award winning trader education programmes, gave our clients their own personal account managers, offered one 2 one training with risk free trading, followed now with our next gen system with automatic stoplosses, 100% automation, no dealer intervention, extra decimalisation, spread charts (to be able to see our bid/offer spread) and the most transparent and consistant pricing to grace the industry.

You are right there is a huge mountain to climb, it is a challange CMC will rise to, because we do something many do not, put the customer first, and i hope by reading these responses you guys can get a sense that this is geninue and not just the usual BS you are used to.

Spread Betting is a greatly useful tool for trading the financial markets and the provider that truely offers UK customers the service they demand will be a great company indeed.

I hope that you will get the chance to see for yourself once the good feedback filters through

Have a good night

Regards

Craig
Craig, the only asset CMC have is Ashraf Laidi. Other than that, CMC are a joke / the platform is a joke. CMC's service is a joke. CMC coming on here is a joke. CMC advertising here is a joke. CMC's days are numbered as there are too many better alternative SERVICE providers. If you want your clients back, you'll have to pay them with cold hard cash to come back, otherwise you're wasting your time here.

If CMC wants to change for the better, they should start by changing their name, as the name CMC is doo doo on the street.

I don't wish CMC luck, I hope CMC find it unprofitable to be in business. I hope CMC go out of business, however i doubt this will happen anytime soon as Cruddas has more than enough doolah's to keep the company afloat, and we all know where those doolah's came from!
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Old Sep 8, 2010, 11:52am   #40
 
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Re: CMC Markets - Next Generation Platform

Are OCO and if done orders supported by the new platform and the iphone app? Thx
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Old Sep 8, 2010, 11:56am   #41
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Re: CMC Markets - Next Generation Platform

JDTRADER started this thread
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Originally Posted by TRADEFUTURES View Post
Craig, the only asset CMC have is Ashraf Laidi. Other than that, CMC are a joke / the platform is a joke. CMC's service is a joke. CMC coming on here is a joke. CMC advertising here is a joke. CMC's days are numbered as there are too many better alternative SERVICE providers. If you want your clients back, you'll have to pay them with cold hard cash to come back, otherwise you're wasting your time here.

If CMC wants to change for the better, they should start by changing their name, as the name CMC is doo doo on the street.

I don't wish CMC luck, I hope CMC find it unprofitable to be in business. I hope CMC go out of business, however i doubt this will happen anytime soon as Cruddas has more than enough doolah's to keep the company afloat, and we all know where those doolah's came from!
Bit harsh I think
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Old Sep 8, 2010, 12:06pm   #42
Joined Jan 2008
Re: CMC Markets - Next Generation Platform

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Originally Posted by Jaydee View Post
Are OCO and if done orders supported by the new platform and the iphone app? Thx
Hi

Our web platform and I-phone app supports the full range of order types including the equivalent of OCO's and If-Done orders.

We now have stops and limits (now called take profit orders) linked to all our market orders (vast improvement on how we used to do it).

If-Dones have been replaced with limit orders which allow you to specify what price you wish to trade at and what levels you wish your stop and take profit orders to be placed at.

On the web platform all risk management tools can be viewed, amended and changed directly from the charts, which is a new function for us

If you have any other questions, please let me know

Regards

Craig
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Old Sep 8, 2010, 12:22pm   #43
Joined Jul 2010
Re: CMC Markets - Next Generation Platform

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Originally Posted by craigci05 View Post
Hi


On the web platform all risk management tools can be viewed, amended and changed directly from the charts, which is a new function for us

If you have any other questions, please let me know

Regards

Craig
Is it possible to trade directly on charts, ie, place/move orders by clicking and dragging?
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Old Sep 8, 2010, 4:39pm   #44
Joined Jan 2008
Re: CMC Markets - Next Generation Platform

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Originally Posted by Ross Spur View Post
Is it possible to trade directly on charts, ie, place/move orders by clicking and dragging?
You cant place a brand new order directly from the chart but you can amend and move stop loss and take profit orders directly, there are coloured horizontal lines for each order type that you can simply drag and drop to your preferred level, really useful for placing risk management close to major support or resistance.

Regards

Craig
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Old Sep 8, 2010, 9:24pm   #45
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Re: CMC Markets - Next Generation Platform

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Originally Posted by craigci05 View Post
Hi

Our web platform and I-phone app supports the full range of order types including the equivalent of OCO's and If-Done orders.

We now have stops and limits (now called take profit orders) linked to all our market orders (vast improvement on how we used to do it).

If-Dones have been replaced with limit orders which allow you to specify what price you wish to trade at and what levels you wish your stop and take profit orders to be placed at.

On the web platform all risk management tools can be viewed, amended and changed directly from the charts, which is a new function for us

If you have any other questions, please let me know

Regards

Craig
Does the new software have pop out charts?

Tia
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