Real ECN/STP Brokers Wtih 0.01 Lot = Myth or Reality? -
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thread: Real ECN/STP Brokers Wtih 0.01 Lot = Myth or Reality?

  1. #11
    Junior Member Hugo_canch's Avatar
    16
    quote there is lmax
    However an ecn takes into account the entire market. There is no fx broker which has liquidity during the whole fx market. So again as the real definition of an ecn lmax is still not an ecn? They could trail through their banks or spouses but don't deal with all of them. So liquidity may lack at times?Maybe im simply comparing to futures and stocks too much and anticipating that?

  2. #12
    Senior Member rubesnsbelmokte's Avatar
    164
    I think you're a little bit confused with the terminology. A ECN from the equities world doesnt have the whole market. There are a bazillion ecns.

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

  3. #13
    Junior Member Lorena_sfc's Avatar
    25
    I dont see any issue in todays market, from what I Know That the broker combines the 0.01 orders and submits them as one bigger order to the banks that require a minimum of 10,000

  4. #14
    In addition, I agree that real STP/ECN broker can't offer micro lot, my broker's minimum trading lot is from 0.1 lot.

  5. #15
    Junior Member Dovahkiin92's Avatar
    22
    I also agree that actual STP/ECN broker can't provide micro lot, my broker's minimum trading lot is out of 0.1 lot.
    Hello,
    Can I ask you a question?
    Who's your broker?
    Have a fantastic weekend.

  6. #16
    Junior Member Oxnfry95's Avatar
    25
    Hi.
    I also don't understand what the issue is... I have come across ECN/STP brokers offering 0.01.

  7. #17
    Junior Member deesa_venus's Avatar
    29
    Hi. In addition, I don't understand what the issue is... I've come across ECN/STP brokers that offer 0.01.
    Can you share the title of the broker? I think if you would like to trade little lot it is possible to trade with market manufacturer, some MM are not that bad.

  8. #18
    Hello. In addition, I don't understand what the issue is... I've come across ECN/STP brokers that offer 0.01.
    STP .01 lot is extremely improbable.

    When the broker is draining through banks, they will have a prime broker.
    The prime broker will charge a minimal ticket fee. Its not profitable and your micro lot is going to be internalised or B-Booked.

  9. #19
    quote Hello, Could I ask you a question? Who's your broker? Have a good weekend.
    My current broker is Vinson Financials, I have a Diamond account with them. You have to trade at least 0.1 lot and it's worth trying than micro lots.

  10. #20
    Senior Member rubesnsbelmokte's Avatar
    164
    quote 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 minimal ticket fee. Its not profitable and your micro lot is going to probably be internalised or B-Booked.
    Lmax is doing it and they have most of the main FX banks in their system. As does IB - although minimal is 20K there, but does it really matter if its 1k or 20k, equally is microscopic.

    Ticket count is compacted by appliions like Traiana Harmony for post-trade purposes which reduces price, but no risk is being internalized. Average ticket size is constantly going down even at the institutional sector because years and ticket count is moving up. Its only a software issue, 15 years ago it had been different, but nowadays its not really.

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