ECN, order execution, aggregators, liquidity.

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Comments not related to "Why were subscriptions banned on the grounds of "too high a return"?".

[Vladimir Gomonov]

Question to connoisseurs: What happens to the stop loss if the take profit (aka limit) is partially filled?

[Dmitry Rannev]

Mischek:
Do you have a figure for the ratio of volume performed through liquidity providers to the volume performed internally through matching. Do you have it?

No. We haven't. And our client base is not that big to use our statistics as a guide.

[Dmitry Rannev]

sanyooooook:

here's a look:

1. top sell bottom buy

2. put a buy limit above the best sale

3. he will execute all bids at or below the displayed price if there is enough volume in the bid

this limit or market?

)

Limit or stop limit, whichever is more convenient. But if you put it much higher than the market, it will be similar to a market, although in my opinion, it is still a limit.

[Dmitry Rannev]

Avals:
(It will be like a market, even though you called it a limit.) Have you ever seen a buy limit above the best sell price in the market?))

Of course. We send half of our orders on this principle.

Of course you won't see that in MT, there are no limits in the market, which is a pity.

[Dmitry Rannev]

Avals:
the stock market cannot receive a limit order to buy higher than the best sell order - it will automatically become a market. And if it is large, it may well be defrauded by hftshniks

This should not be the case. Stop-limits must be in place, how else can you control slippage? Maybe it's so sites increase their turnover?

[Dmitry Rannev]

TheXpert:
Well do you agree that the user limit can be covered by the LP limit? Without fiddling with the order and picking on the terms?

If liquidity from suppliers is counted as limits, this is what happens.

We can have two counter limits in the MT as well.

[Dmitry Rannev]

Avals:

on an exchange, no. On a particular ECN probably. I don't know) I haven't seen any positive limit slippage on an ECN account. You need to read the rules of the site.

What is the use of such providers who also eat client liquidity? What kind of providers are they then.

We have more than half of our limits slipping to the plus side for objective reasons.

[Dmitry Rannev]

Avals:
everyone seems to call ECN whatever they want)) An ECN is supposed to have a common order book, like a stock exchange. But here the companies form their own book by negotiating with the banks to retransmit to them the orders of clients. Each company has its own ECN)))

Every company wants to have its own ECN, but in reality most of them have only STP. No limits in the system, no ECN.

[Dmitry Rannev]

Avals:

We write a homemade programme, negotiate with several banks (I don't care who as long as we can trade through them), open a deposit with them and send them clients' orders from a homemade glass + match the clients themselves within this programme. Everything is ready ECN)))

Of course, then the execution rules may be any and depend on the imagination of the producer of the software.

If you match your clients, you allow them to trade without a spread, losing kitchen money. If you're going to mess around with matchmaking, clients will figure it out quickly.

[Dmitry Rannev]

MetaDriver:
Question to connoisseurs: What happens to the stop loss if the take profit (aka limit) is partially closed?

If we are talking about MT4, the order will close partially, respectively the volume of the order will decrease, and this volume applies to both the order and its stop.