what does FUTEX do ?

are you trading for one week or what ? :-)
from picking to getting your order filled may be a long way
i sometimes cannot cancel my order because "it is too late" or "it is filled/ doesnt exist" even though it was still displayed, otherwise I couldnt have click on it


Are you spreadbetting by any chance?

We have tested this and there is no "measurable" difference in milliseconds. If you think about it mathematically or using physics equations:

The question you are asking is how long does it take the speed of light (which is why we have dedicated fibre optic lines) to travel ten miles?

The answer is measures not in milliseconds, but in insignificant fractions of milliseconds.

If you find an old text physics paper, let us know the actual exact answer please.

It shoulnd't be hard to work out if the speed of light is 299,792,458 metres per second. Do some dividing and there's your answer.

One thing I will say to new traders though is this, if your success in trading is determined by how quick your orders can get to an Exchange you probably don't have a good long term strategy. Sure, there are always going to exceptions to the rule but think about it logically and it makes no sense.

Why not let everyone else get worked up about such matters whereas you try to follow price and its language and then use that information to pick good risk/reward setups alogside sound money management.

Master that and you've got a strategy that will last for ever.........

pboyles sorry I dont know why you did ask that philosophical question in this thread but decided not provoke others look at the subject I dont have time to waste

FUTEX I'm not an expert in fibre optics and don't want to be I just dont know what is the point of spending thousands of pounds on it (I believe it is cheaper) I suspect there is no point, but may be wrong thats why I asked
I have fibre optic connection to Eurex and LIFFE it is a distance of more than 1000km and believe me it is not the speed of light but 13-17 miliseconds to LIFFE and about 20 to Eurex.
If that is so simple calculation you can have copper cable because the speed of electrical impulses shouldnt be so bad in the distance of one mile, you would have saved thousands of pounds a month.

"One thing I will say to new traders though is this, if your success in trading is determined by how quick your orders can get to an Exchange you probably don't have a good long term strategy. Sure, there are always going to exceptions to the rule but think about it logically and it makes no sense."

thank you for that lesson, now go to forexfactory and teach teenagers how to trade
if you daytrading you can often lose one tick by this and that may be hundreds of euros/ pounds in this case

Well this is encouraging.

Firstly, it's not the "speed of light", but the speed of light travelling through glass (2/3 C ish).

Even if you do the calculation correctly, that's just the optimal, it's like the idiots phoning up promising 8mb Broadband, it's not actually possible, it's like measuring the max speed of your car ignoring friction.

Here endeth the lesson.

P.S. He is right that it won't be noticeable unless you're doing some HFT, in which case you don't want to go to a prop shop like FUTEX.

Speed may or may not be important to the individual. But it is part of Futex philosophy to be the best we can be. That includes using the best and fastest software and connectivity.
You cannot be the best and therefore excell unless you strive for excellence. Now, I know that is not the same philosophy as everyone, but it is a fundamental part of what Futex aims to be.
Its often hard to get non-professionals to appreciate why this mental attitude is imperative. Its not just speed. Its training, products, knowledge, information flows, experinece, back-office, capital, etc etc.

What Futex does not go along with is those who make excuses for their lacklustre approach and try to preach to others that lacklustre is ok. Lets think about it... you are trading in the most competitive environments and yet some fools think it is ok to be second rate, third rate, or worse.

You cant find a single profession, or even a spoting contest where lacklustre is the trait of the winners !!!!!

What about record keeping and statistics, you don't excel at that?

We aim for excellence. But ultimately, excellence, like perfection, can never be achieved, because if you active it, you will stop growing and hence fall behind, therefore, paradoxically missing the goal