ECN/STP Broker -
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thread: ECN/STP Broker

  1. #11
    the genuine ECN surroundings in which we act also as a liquidity provider.

    Deltastock
    you said, Deltastock are one of the liquidity suppliers,
    as I see it, this automaticly generates conflict of interest
    because the customer will either be buying or selling in Deltastock,
    I noticed from the demonion, Deltastock allways have the lowest price,
    so if I would chose to buy from IB and promote into citifx I would need to pay
    a greater price, how do you manage to allways have the lowest bid ask price?

  2. #12
    Garc?a
    Guest
    Dear,

    In Deltastock ECN/STP Grade 2 module price quotes are streamed by our liquidity providers in real time. The liquidity providers include: FXCM, Deutsche Bank, Citibank, Interactive Brokers, and Deltastock (Dukascopy bank to be added shortly ). The rivalry between the liquidity providers in the system narrows the spread and can drop as low as 0.1 pips. When obtained, customers' orders are instantly transferred into the liquidity providers quoted in the ECN through the technologies Straight Trough Processing (STP).

    Best regards,
    Deltastock
    Are you planning including additional providers? And it appears that the ECN works for Forex only. What other tools you're considering including in the ECN part

    Thank you

  3. #13
    Dear Karol,

    We've always being working for creating our solutions so it's likely that we'll add more liquidity providers in our own ECN/STP Level 2 module in future. We don't plan new providers or tools to be added from the few coming months. We feel that so far we've built a good service where our clients can exchange with 6 brokers just from 1 account at spreads starting from 0,1 pips to get majour currency pairs.

    Dear Roughtrader,

    The spread you see in the L2 module is generated by the offers of all the providers that are included. It is likely that at times one broker may have the tightest spread but most of the time that the very best bid and ask offers come from various providers.
    Deltastock also serves as a liquidity provider in the module in order to increase the contest and to make sure there is sufficient liquidity in any way times, as well as to give opportunity to individuals with smaller accounts to put orders at the module. A few of the offers generated by Delta are our clients' offers, while a number are generated by Deltastock itself. Anyhow, orders have been executed against the finest BID and ASK provide, so that in case Deltastock does not provide the ideal trading conditions at any given time your orders would not execute from it, therefore I don't see conflict of interest. In addition, you could specify the counterparty you exchange with, thus diluting Deltastock as liquidity provider.

    Best regards,
    Deltastock

  4. #14
    Junior Member Emilio1616's Avatar
    25
    Dear Deltastock,what about segregated money?
    Thx.

  5. #15
    Dear seeza,


    Deltastock AD is a broker regulated in Europe with Divisions in London, Madrid, Bucharesht and Sofia.
    Our goal is to continuously improve our services and keep customers' requirements met.
    In order to give maximum protection and compliance with regulatory demands Deltastock maintains accountability and segregates the customers' cash firmly.

    Best Regards,
    Deltastock AD

  6. #16
    Junior Member Laretacastexx's Avatar
    23
    Dear seeza,


    Deltastock AD is a broker Controlled in Europe with Divisions in London, Madrid, Bucharesht and Sofia.
    Our purpose is to continuously improve our services and keep customers' requirements met.
    In order to give maximum protection and compliance with regulatory demands Deltastock maintains accountability and segregates the customers' money firmly.

    Best Regards,
    Deltastock AD
    Dear Deltastock, would you pls help us to find better comprehension and distinguish your services and benefits offered by you in contrast to e.g. Renesource Capital from Latvia. They're an ECN with really speedy execution, seems to offer similar advantages, customers' funds are held in segregated accounts from business's accounts, broker is governed by strict European Union laws and regulations and retail customers get protection via the investor compensation fund, etc.. So the choice isn't obvious.

    I think could be useful for us regarding the ECN/STP brokerage selection, if you could assist us pointing out, what you see to be really important out of your clinic to your retail traders in the ordinary course of everyday trading.

    It could be much appreciated even if I know that's tough to objectively comment on this - especially comparing yourself to other people.

    Thank you in advance.

  7. #17
    Dear Deltastock, could you pls help us to find better comprehension and differentiate your services and advantages provided by you in contrast to e.g. Renesource Capital from Latvia. They are an ECN with really speedy implementation, seems to offer similar benefits, customers' funds are held in segregated accounts from business's accounts, broker is governed by stringent European Union regulations and laws and retail customers get protection through the investor compensation fund, etc.. So the decision is not obvious.

    I believe would be helpful for us regarding...
    Dear Sunbrella,

    I would love to thank you for the interest in our solutions. I will attempt to explain what trading conditions are significant in general and that I will compare this information to the services Deltastock provides.

    You gave for illuion Renesource Capital, therefore Allow Me to start using them. Like many other brokers, including our firm, they provide trading to retail customers through MetaTrader 4. In order to really have a true ECN you want BID and ASK offers that include not only price, but quantity as well, so I believe you cannot have a true ECN at MT4. Renesource Capital supplies ECN trading through Currenex as we do throughout our Delta trading platform. However, Currenex is not for retail customers, but Delta Trading is.

    Fast execution is really a double-edged knife. It's not hard for a business to execute orders instantly when spreads are high, so it doesn't necessarily mean you receive decent trading conditions. In general, it is much better to have smooth and fast execution when other conditions are not affected. In this regard, our ECN module offers instant execution at very competitive spreads thanks to its STP technologies utilized.

    As a rule of thumb brokers having strict regulators like the FSA or the European Union directive MiFID are more dependable than others. Our organization is also situated in EU member country, so that we fall under those our customers are also protected by customers protection fund. However, current EU regulations are subject to change, so they are anticipated to develop into a lot tougher than they are now. Although this could add protection, it would likewise have some negative impact on the trading conditions for retail customers, e.g. increased margin requirements, higher spreads, further trading costs and others. I believe all this will bring some changes to the FX market one way or another, but we will see...

    There are a few important features of ECN/STP systems that benefit clients when compared with conventional trading. I will briefly explain them, but if you want more information I will be glad to provide additional details.

    -Each participant can act as a market maker, so the other participants compete for his offers. This permits customers to place orders within the spread as well as to negotiate trades between each other.
    -Avoiding intermediaries -- there is not any dealing desk and implementation is quickly and error-free.
    -The identity of retail customers is not visible to other market participants, which ensures that they receive the same conditions as institutional players.
    -Since there is not only one firm that provides quotes (provides ), however a few big institutions, there is much higher liquidity and therefore better pricing / lower spreads even during high market volatility.
    -ECNs are transparent method of trading as customers can view market depth, which gives them better market insight. They also receive post trade information to the detail.
    -One feature that we provide, but is not typical for many ECNs, is the ability to decide on a specific counterparty to trade with (valid for market orders only).

    There might be other advantages as well, but those are the ones that I believe are most significant. In general, ECN/STP methods provide much more chances to conventional trading and for that reason it is well worth the effort to switch to these trading environment and see it on your own.

    Regards,
    Deltastock

  8. #18
    Junior Member gandano02's Avatar
    28
    ECN:

    Notice the letter'C' Position for:

    Communiion(s)

    right.

    Significance:

    you and we're able to interact directly within this'N' (yes, network), as well as of course (price making) Dealing Banks who are major liquidity suppliers, Central Banks etc.. All of that interact with each other - they/we hit on the Bid/join the Bid, or, lift the Offer/join the Offer.

    So, this'ECN Broker' will allow you to participate on this system via using his charge lines. This Broker himself may be a Tier 1 Prime Broker, or a Tier 2 PB - regardless of the scenario, this PB has relationships/credit lines with numerous Banks.

    (major)-Advantage(s): no conflict of interest (well, nearly; or really ( very little).

    Which one to Pick from?

    Question is: how much money capital does one have,

    this will allow you to decide to either join a: Tier I'm PB or a Tier II PB - the higher in the hierarchy that you are the better for you - more economical'running costs' overall, so to speak.

    Greatest.

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