Recent content by v01101999

so as I was postulating before - some clients could be "strategically" internalised whereas some are not. This is what the ProSpread rep also seems to suggest. In other words, if you are considered a sucker (for whatever reason), they would rather not hedge your trade and operate in a bucket...

Actually I do have an account and I have asked the question directly but as I expected, there is no response to that. Usually their support/traders are very quick in answering questions but this one has gone in a black hole even after few reminders. Which is making me worried and that is the...

I tested on Eurex as well - your fill acknowledgement has FBC.EUREX.INTERNAL market indicating it is internal, and my bid was only filled after the offer moved to my bid even though when I joined the bid I was 300 in the queue and then there were more bids added at my level to take it to 800...

May be their internalising engine does not have price-time priority!

http://www.screencast.com/t/YjI1YTEyYz This is an example from a trade on SoyOil.

Could it be that some clients are internalised and some are not? Depending upon the account size? When you get filled on the trade acknowledgement do you see ****.CME.INTERNAL or just CME?

Yes you do see the real market but you don't trade it seems.

I am pretty sure it is not true that IB aggregates client orders at same price. Also I have account with some other clearing firms in Chicago too and I have always noted that if I place an order at a bid via IB or via that clearing firm, it is always reflected in the the L2 data and I get filled...

exactly - to me now it appears that it is any other spreadbetting company with possibly tighter spreads. But since they are taking 1 tick spread on each trade, the real spread does not look as tight. For a round trip trade it is 1 tick for buy + $10 + 1 tick for sell + $10 = 2 ticks + $20 = $45...

If you have any other broker feed (interactive broker or otherwise) which provide market depth, you can check it easily. Join bid at 5 level below on a calm market. ProSpread lot size will go up by your trade but exchange lot size will remain the same. Also as the market is moving, prospread lot...

Yes that is what my feeling is - when it was launched, I am very certain (but not 100% sure) that my orders would be in the underlying markets as I would see see the lot size go up (not in their on L2 but also on feeds available from my other brokers). I would also get filled if lots above me...

Its a bit naive to say that "It's not going to be direct access to the markets, because it's BETTING". The way DMA would work normally is: a) I place a join bid to buy S&P500 future at 1013, FB/ProSpread placed bid to buy S&P500 future at 1013 b) FB/ProSpread bid gets hit in the market, my bid...

The documents say "DMA like" .. go figure.

someone needs to confirm if the FB/prospread service is real DMA. I have started noting lately that if I join the bid and say there were x lots on the bid, my order is not filled even after x lots have traded at the bid level (I have checked that with exchange time and sales). It is only filled...

someone needs to confirm if the FB/prospread service is real DMA. I have started noting lately that if I join the bid and say there were x lots on the bid, my order is not filled even after x lots have traded at the bid level (I have checked that with exchange time and sales). Also I checked...