Can there be more Bid than Ask in a tick? - page 8
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You're not talking about "accessible forex" anymore. It's about the market in general.
No I can't, I have to believe it. Neither you nor I have access to the Market Maker's tumbler and we are not talking about the brokerage tumbler (it is a virtual machine).
An example of installation and removal, even best price
Yeah interesting presentation, I saw a similar one at Inmarket. The market is thin, Uncle came in with a bag of money and the market crashed :o)
This proves once again that the Fora is not a stock or other security, you can't move it that easily.
Let's put all these abstract "complicated" questions aside for now. And let's understand, as you wrote here - since "there's no question of a brokerage house (it's a virtual machine)", how this (big brokerage house) determines the price. Where does it take it from? Probably from the "market depth" (which does not exist) on the forex market. So what does it get from there? And he doesn't calculate it on the basis of some mathematical formula? It seems to me that probably it is reasonable to believe that the mechanism is essentially the same as at the stock market. Therefore, it seems to me that we should not concentrate specifically on the stock exchange. How does "something" make a price and a tick out of it?
If we are talking about the level of the DC client (because the DC does not take the price from the ceiling), Renat mentioned it, there are special filters that process the information coming from the DC. The client receives a well-adjusted price.
What goes into the DC? From where? What goes into where does it come from?
Sorry I'm late, haven't had a chance to post on the forum.
I want to bring you back to this post.
There's an assumption made here, after which the whole dialogue goes haywire.
There is an important detail. The change of price occurs in the cup. Bids caught in the glass have the directive to freeze. Those you can not change delete or otherwise affect your request caught in the cup. The market request is moved on the basis of the data that is already in the market cup. By moving the market maker moves the market price, and new bids enter the market. Thus, all further discussion of"what happens if I remove the request, how it will affect the movement of prices" is meaningless. If you can delete it, it does not matter. If it can, it means you will not be able to delete the order.
As far as I'm concerned limiters go into the glass, which means they can be removed according to the idea. If we talk about how bots/experts unravel these stacks, they mostly only see total volumes at certain levels (let's call it the "Specialist Open Book", similar to the NYSE).
How the specialist/marketmaker clears the summary table of all bids (where the tumbler is more detailed) is a separate issue.
Also, a separate question is if all bids are displayed in the market (let's call it a civilized exchange), only unbalanced all the bids (so to say "honest" broker / brokerage company) or no bids are displayed at all (100% kitchen).
In this case, as I understand the removal of unexecuted orders do not directly affect the movement of prices, but it serves as a certain signal for those who analyze the state of the market.
PS
I won't say anything about the fact that some bids of "big players" don't go into the cup completely. Also I will only remind you that in certain conditions (for example NYSE) there will be bids that will get to the market bypassing the EA and do not go to the market cup.
What goes to the brokerage company? From where? What goes to where does it come from?
Look athttps://www.mql5.com/ru/forum/102066/page9 this is what comes in, but how and what is taken + what the brokerage companies bring in is a mystery. In principle, brokerage companies will not even say exactly where they get quotes. but if you want it, you can figure it out, there are not many sources ...
Look athttps://www.mql5.com/ru/forum/102066/page9 this is what comes in, but how and what is taken + what the brokerage companies bring in is a mystery. In principle, brokerage companies will not even say exactly where they get quotes. but if you want you can figure it out, there are not so many sources ...
OK - I want to be clear - firstly: Let's agree once and for all that we won't consider brokerage companies that take tick quotes from other brokerage companies, or do something with them and send it to the user. I would call these brokerage companies "slot machines" in a bakery. These Deals could just the same instead of taking tick data and generating their own - it's just a roulette. And HOWEVER, such DTs that generate tick quotes themselves.
Now, how the prices are obtained - there is a special messaging system, it's an electronic system (This is a VERY crude and simplified, I'm writing it on purpose, so that no one would concentrate here). Forex is a system to see the offers and requests of others. They are mainly offered by the banks. To avoid going into the thick of the woods, where you can't see the essence of terms - the system can be described as follows: There are 500 banks, which have some reserves in different currencies and perform exchange for their customers, while the exchange can be carried out in different forms - on demand, on order, hot, urgent, in the distant future, regular ... and so on and so forth. As a result, the bank has the need to sell the surplus of one currency or replenish the reserves of another. For that it bids to sell so-and-so at so-and-so price for so-and-so currency, with a delivery term of two days. Another bank wants to buy - it respectively issues an order to buy. These orders can be seen in the ECN system. So, Urain is wrong when he says that the broker has information from several sources :) More precisely, he is not quite right. Usually prime brokers and clients of such systems are connected to several ECNs and they can place their orders in several systems. But the main thing is that the requests look like a table with volumes sometimes even with the person who placed this request and sometimes incognito. But there is such a plus or minus table.
But there is also a Bid and Ask in the ECN. How are they formed there? I will add a little more thought: God help how they are formed in fact, it is important that there is a Bid and an Ask, how do we get TIC from them?
I forgot to add, if someone suddenly wants to go deeper into the subject of how everything works (there is no point in focusing on this subject in the discussion), he should read about ECN on Wikipedia. https://ru.wikipedia.org/wiki/Electronic_Communication_Network, There in particular there is a description of the main ECNs , this is exactly what is called over-the-counter trading in currencies.