maxima
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Thanks to Grant I started to think out of the box ![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
I need to aquire basic knowledge first though. So - scalping!
1. Cost of trade
a) IG - if you buy 1 CFD contract you effectively paid them £20 in commision as spread is 2pt on the FTSE contract
b) IB - there is spread on underlying market + 3.40 commision. Today it closed at 5973-5974.5. Means that one trade would cost 15+3.40 - a bit lesser than through IG.
c) Arcade - only fee I have figured out so far is the lease of seat which is about 1k per month. What do you spend per trade?
2. Speed of order execution/fill
a) IG - fast (because they dont fill real market order - just some software operations within they own servers. most of delay - web based execution because webbrowsers are slow by design. I am going to look at their L2 platform though. Has to be very fast)
b) IB - how fast it work? Do they give you a real DMA?
c) Arcade - supposed to be fastest way to fill orders. Is that right?
Main questions are:
- Is DMA suppose to give you access to an exchange order book directly so you can place and order actually on the exchange and sometime buy at bid price? Do brokers provide you a true DMA?
- How can one compare a broker with an arcade in terms of speed of order filling?
- Can I have remote access to a good arcade which located next to LIFFE (which will amount to quite similar performance if I sat locally in Surrey arcade for example)?
I need to aquire basic knowledge first though. So - scalping!
1. Cost of trade
a) IG - if you buy 1 CFD contract you effectively paid them £20 in commision as spread is 2pt on the FTSE contract
b) IB - there is spread on underlying market + 3.40 commision. Today it closed at 5973-5974.5. Means that one trade would cost 15+3.40 - a bit lesser than through IG.
c) Arcade - only fee I have figured out so far is the lease of seat which is about 1k per month. What do you spend per trade?
2. Speed of order execution/fill
a) IG - fast (because they dont fill real market order - just some software operations within they own servers. most of delay - web based execution because webbrowsers are slow by design. I am going to look at their L2 platform though. Has to be very fast)
b) IB - how fast it work? Do they give you a real DMA?
c) Arcade - supposed to be fastest way to fill orders. Is that right?
Main questions are:
- Is DMA suppose to give you access to an exchange order book directly so you can place and order actually on the exchange and sometime buy at bid price? Do brokers provide you a true DMA?
- How can one compare a broker with an arcade in terms of speed of order filling?
- Can I have remote access to a good arcade which located next to LIFFE (which will amount to quite similar performance if I sat locally in Surrey arcade for example)?