We should all be very pleased that there is another SB firm chasing us. As much competition possible is always good for our interests.
What we need now, is another firm offering 20% rebate on our spreads!
Best Thread Capital Spreads
We should all be very pleased that there is another SB firm chasing us. As much competition possible is always good for our interests.
What we need now, is another firm offering 20% rebate on our spreads!
brendansvest
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gle101 Been trading for 20 years. No offence taken but I think i know what I'm talking about. Been both sides of the fence as a provider /broker and as a client/trader.
brendansvest
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Who's kicking and squealing?? If you make a market and you are hit you are wearing it, simple as that.
brendansvest
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if it breaks the market yes, agreed. if a wrong price goes through in SETS etc it should be busted. But in a synthetic market like SB or Fx you make the price and if you are hit, that's that. Do you honestly think that if you are quoting, say, Cable, at a bank and you give a wrong quote to a counterparty they would let you off? Wouldnt happen, you would have to wear it and job out of the position.
if you're quoting around an underlying market say FTSE and future trades 5080 and you're quoting 5074-76 then that is blatantly wrong.
i'm not saying let me off i,'m saying if i quoted obviously the wrong price and got lifted i would do some but not all of the order. if the counterparty is not some sort of cnut they'd obvoiusly understand. market etiquette. obviously with SB they have no edge-in the big boy leagues whatever you're quoting will ahve more edge than 1 tick on FTSE.
i'm not saying let me off i,'m saying if i quoted obviously the wrong price and got lifted i would do some but not all of the order. if the counterparty is not some sort of cnut they'd obvoiusly understand. market etiquette. obviously with SB they have no edge-in the big boy leagues whatever you're quoting will ahve more edge than 1 tick on FTSE.
brendansvest
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On the futures market the trade would be busted. What Im not getting is that everyone on here moans about spreads and lag time etc. and when the opportunity arises, albeit rarely, to profit from a multi million dollar house quoting a wrong price they get on their moral high horse and say they wouldnt take advantage. I have taken advantage of mis-quotes on behalf of my clients and obviously they have been very happy. Can't see the issue. My duty, as a broker, is to take care of my clients, their positions and their money. It's all about the TCF.
brendansvest
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Agreed, a trader's mentality should be about taking any advantage and opportunity that presents itself.
and it could very well cost you a relationship and future business.
ffsear
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Yea, this old lady droped a £20 in front of me the other day. I punched the old bitch in the face and took it while shouting "**** you, im a trader"
brendansvest
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Did you, what a pleasant young man you are. Pointless carrying on when the responses are so futile and childish. It started as a decent discussion.
Sorry, as I said no offence intended. How come this is not my experience after 5 years of trading SB (12+ trading)? The size I agree is a valid cause for referral, but short term trading combined with high frequency trading, you will definitively be targeted and probably flagged.
brendansvest
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Of course |I dont doubt your experience but seeing it from both sides I have only ever seen it happen because of trade size. If my clients exprienced this sort of treatment form a provider I would make sure that it would only happen once as we all have the option of where to place our business.
Looking back a couple of years. What a difference, today you can really trade using SB as long as you are aware of the risk scenarios.
Then you haven't worked at Capitalspreads.
brendansvest
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Ha ha, definately not!!
ffsear
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Its never been decent discussion, this has been 700 pages of a handful of losers crying about capital spreads!!!!
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
p.s the previous comment was a JOKE!
