this question always comes up now and again! Unfortuantley not - they reason being (given to me by a senior dev at one of the larger outfits a few months ago) is that while there may be an incentive for them in terms of increased volume of trades (hence spreads being paid) there is a huge risk they get totally done over by any automated system since their is an issue of the "quality" of their prices on certain instruments
What you are seeing instead and will continue to see is increase in the functionality they offer e.g contingent orders which CS just introduced and IG have already had for a few months.
However a Market Data API might be nice and not present the risk I mentioned above I beleive
What you are seeing instead and will continue to see is increase in the functionality they offer e.g contingent orders which CS just introduced and IG have already had for a few months.
However a Market Data API might be nice and not present the risk I mentioned above I beleive
Bullsh1t from the SB companies.jklondon said:this question always comes up now and again! Unfortuantley not - they reason being (given to me by a senior dev at one of the larger outfits a few months ago) is that while there may be an incentive for them in terms of increased volume of trades (hence spreads being paid) there is a huge risk they get totally done over by any automated system since their is an issue of the "quality" of their prices on certain instruments
What you are seeing instead and will continue to see is increase in the functionality they offer e.g contingent orders which CS just introduced and IG have already had for a few months.
However a Market Data API might be nice and not present the risk I mentioned above I beleive
They want to be able to refuse trades unlike a free market...
JonnyT
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if is just a case of wanting to refuse trades they could still release an API i.e. you submit a trade, they then check it (i.e evaluate the risk) then accept or reject...
on a slightly seperate note the IG listing offer prospectus has some interesting stuff in it on their business model and some worrying stuff..like the amount of money they make on interest from client accounts! Have to check it but I beleive it was around £1M over a 6 month period.
on a slightly seperate note the IG listing offer prospectus has some interesting stuff in it on their business model and some worrying stuff..like the amount of money they make on interest from client accounts! Have to check it but I beleive it was around £1M over a 6 month period.
Robertral said:
the point was related to the interest they earn on client money - the debts are a result of actions they have taken, the point is only put money into the AC that you are activley "using" for trading..
Tuffy - ill dig it out and post it here in a bit.
Thanks jk,
We'll have no more complaints about IG then as this is what they say about their market position...
"This leading position is also attributable to the Group’s focus on excellent client service, speed and quality of execution......."
When one has to explain how their own products work to their help desk staff I personally wouldn't call that excellent client service!!
We'll have no more complaints about IG then as this is what they say about their market position...
"This leading position is also attributable to the Group’s focus on excellent client service, speed and quality of execution......."
When one has to explain how their own products work to their help desk staff I personally wouldn't call that excellent client service!!
