Real ECN/STP Brokers Wtih 0.01 Lot = Myth or Reality? - Page 2
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Thread: Real ECN/STP Brokers Wtih 0.01 Lot = Myth or Reality?

  1. #11
    I believe you are a little bit confused with all the language. A ECN in the equities world doesnt have the whole market either. There are a bazillion different ecns.

    Lmax is a central limit order book with price/time priority order fitting - and thats as close as a retail fx trader could possibly get to a real ecn.

  2. #12
    I dont see any Problem in market, from what I understand That the broker combines the 0.01 orders and submits them as one order to the banks that require a minimum of 10,000

  3. #13
    In addition, I agree that real STP/ECN broker cannot offer micro lot, my broker's minimum trading lot is out of 0.1 lot.

  4. #14
    Quote Originally Posted by ;
    I also agree that actual STP/ECN broker can't provide micro lot, my broker's minimum trading lot will be from 0.1 lot.
    Hi,
    Could I ask you a question?
    Who's your broker?
    Have a good weekend.

  5. #15
    Hi.
    I also do not understand what the issue is... I have come across ECN/STP brokers that offer 0.01.

  6. #16
    Quote Originally Posted by ;
    Hello. I also don't know what the issue is... I've come across ECN/STP brokers that offer 0.01.
    Could you share the name of the broker? I believe if you would like to trade small lot you can trade with market manufacturer, some MM aren't that bad.

  7. #17
    Quote Originally Posted by ;
    Hello. In addition, I don't understand what the matter is... I've come across ECN/STP brokers that offer 0.01.
    STP .01 lot is highly unlikely.

    If the broker is clearing through banks, they will have a prime broker.
    The prime broker will charge a minimum ticket fee. Its not profitable and your micro lot will be B-Booked or internalised.

  8. #18
    Quote Originally Posted by ;
    quote Hello, Could I ask you a question? Who's your broker? Have a fantastic weekend.
    My current broker is Vinson Financials, I've got a Diamond account with them. You have to trade at least 0.1 lot and it is well worth trying than micro lots.

  9. #19
    Quote Originally Posted by ;
    quote STP .01 lot is extremely unlikely. If the broker is clearing by banks, they will have a prime broker. The prime broker will charge a ticket fee. Its not profitable and your micro lot will be internalised or B-Booked.
    Lmax is doing it and they have most of the primary FX banks in their system. As does IB - though minimum is 20K there, however, does it really matter if its 1k or 20k, equally is deflecting.

    Ticket count is compacted by appliions like Traiana Harmony to get post-trade functions which reduces cost, but no risk is being internalized. Average ticket size is going down even at the institutional sector since decades and ticket count is moving up. Its merely a software issue it was different, but its not actually.

  10. #20
    Quote Originally Posted by ;
    quote Lmax is doing this and they have the majority of the primary FX banks on their system. As does IB - although minimum is 20K there, but does this really matter whether its 1k or 20k, both is microscopic. Ticket count is compressed by software but no risk is being siphoned. Average ticket size is going down even in the institutional sector since decades and ticket count is going up. Its only a software issue it had been different, but its not actually.
    LMAX and IB operate such as markets.
    In other words their customers are permitted to take another side of the trade being a portion of the exchange.

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