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Broker: Broker: Trade Future 4 Less. Data Feed/Order routing: CQG
Trading: DAX; ES; Bund Futures
Posts: 77 since Oct 2018
Thanks Given: 50
Thanks Received: 58
I think the survey are missing the Interbank market for Forex trading, since this is a big market and many traders are trading this market.
I do appreciate that this market is not an Exchange but it is similar - I am not having retail Forex brokers in mind who may/may not take the other side of one’s trade but rather the bigger platforms like Currenex, LMAX FXAll etc.
I will change my data packages at the end of the month when I have decided what I will trade the next month. If I bop around too much, the data fees start to hit my bottom line. I spent some time on CBOE, but I do not have the account size to do what I want effectively over there (high margins on the products I trade over there). Otherwise, I spend a lot of time with CME.
My suggestion.......open an account with Interactive Brokers and slash you commissions and fees to a bare minimum. You may
want to keep/download-install Ninja Trader if you want better charting, it integrates to IB seamlessly. Happy and Profitable trading.
He's saying the interbank is not a centralized exchange, which is true. But retail forex orders do not get posted to the interbank anyway. When trading spot forex, your "exchange" is essentially your broker's dealing desk--though some brokers say they send client orders out to a third-party ECN (or liquidity provider) and do not actively trade against their clients. Whether that's true or not is a case-by-case question, and is way off topic for this thread.
Arguably, forex could still be listed as a choice even though there is no spot forex exchange. But I'm guessing that wasn't the intent with this poll..??
Sidenote: fwiw, I too would love to see a breakdown of the CME group.
