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This is a discussion on prospreads.com within the Spread Betting & CFDs forums, part of the Commercial category; Originally Posted by ProSpreads As we have said before, the help we are getting to rectify this problem from ninja ...

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Old Aug 12, 2009, 12:05pm   #49
 
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Originally Posted by ProSpreads View Post
As we have said before, the help we are getting to rectify this problem from ninja has not been the best . . .
Tbh I've found the guys at Ninja to be totally useless in this area and had little interest in sorting out problems.
(background : real time data API connectivity in an trading flor environment is a big part of my job, I know what I'm talking about)
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Old Aug 12, 2009, 12:32pm   #50
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Tbh I've found the guys at Ninja to be totally useless in this area and had little interest in sorting out problems.
(background : real time data API connectivity in an trading flor environment is a big part of my job, I know what I'm talking about)
That may be the case, but as far as I know Ninja are ready and waiting to test this stuff. But the changes have to be made in the API first, and that is under the control of Prospreads or their supplier.
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Old Aug 21, 2009, 11:51pm   #51
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Once Prospreads sort out few things with Proreal and FX cash, they will be difficult to beat, as they are DMA and spreadbetting at the same time. Level2 is also available and the volume will be incorporated (so I have been told) with the charting package. Good for VSA, even though FX volume is based on tick volume, but with much wider field that any spreadbetting MM is offering so far. For indexes and commodities it also shall be very useful. A bit of fresh air.
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Old Aug 22, 2009, 11:35am   #52
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Once Prospreads sort out few things with Proreal and FX cash, they will be difficult to beat, as they are DMA and spreadbetting at the same time. Level2 is also available and the volume will be incorporated (so I have been told) with the charting package. Good for VSA, even though FX volume is based on tick volume, but with much wider field that any spreadbetting MM is offering so far. For indexes and commodities it also shall be very useful. A bit of fresh air.
I've just done my first trade on Prospreads. boy the platform is blisteringly fast and spreads are pretty good. My problem is their overnight margins are pretty steep - £3500 for 1 lot of FTSE (£10). I can do 4 times more trades with IG. Has anybody managed to negotiate lower margins?

All my bets (without exception) are almost prefectly hedged so they dont really eat up capital. I'm going to try if they will negotiate on margins as long as I continue to hedge.
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Old Aug 22, 2009, 1:28pm   #53
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I've just done my first trade on Prospreads. boy the platform is blisteringly fast and spreads are pretty good. My problem is their overnight margins are pretty steep - £3500 for 1 lot of FTSE (£10). I can do 4 times more trades with IG. Has anybody managed to negotiate lower margins?

All my bets (without exception) are almost prefectly hedged so they dont really eat up capital. I'm going to try if they will negotiate on margins as long as I continue to hedge.
Yes the overnight margins are very high, possibly to protect both themselves and the trader. Their daytime margins are much better.
For the time being they are good for day trading, due to these very large overnight margins.
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Old Aug 23, 2009, 12:40am   #54
 
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Yes the overnight margins are very high, possibly to protect both themselves and the trader. Their daytime margins are much better.
For the time being they are good for day trading, due to these very large overnight margins.
2BE,

What are the day trading margins for FTSE and YM.

Not holding overnight.

Ged
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Old Aug 23, 2009, 2:42am   #55
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2BE,

What are the day trading margins for FTSE and YM.

Not holding overnight.

Ged
1/4 of overnight margin
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Old Aug 23, 2009, 1:32pm   #56
 
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1/4 of overnight margin
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