ECN, order execution, aggregators, liquidity. - page 15

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ProstoTak:

if it makes sense to pay a big client $25 for 1 million?

And a kickback for the platform, eh? And how much is the entrance fee? As always, claims taken out of context are incomprehensible.
 
ProstoTak:

http://www.parfx.com/pricing

if it makes sense to pay a large client $25 for 1m?

We have a PRO account for large clients, with a $15 fee.

I don't believe in a $2 commission. I think it's very likely that there's either a B-book or they're taking it in another way.

 
Rann:
The same, although there are plans to refund part of the commission for limits.
Are there any obligations/regulations to you from the suppliers?
 
Andrei01:
In this case, it is unclear why we need so much extra effort. For a trader, it costs the same to buy at 12 with commission of 20 as it does to buy at 13 with commission of 10. Do you want to get your 15 commissions? You just need to add them to the client without any markup and conversions which are not necessary due to the equality of offers. That's why you can do a simple thing, conditionally fix the commission at 10, and when the commission rises, the difference is transferred to the price, it means that in the pitcher will always be the best supplier without any marcap, a simple reduction of suppliers to the same denominator will do all the work and you guaranteed receive the commission which you set and honestly told the trader that his pips are not stolen under the guise of marcap.

It's a shame that everyone who knows how to run a state is already working as taxi drivers and hairdressers. (с)

Let's take an example. You have an account with our company. We claim a commission of $25 per million in turnover. You make a transaction of a million, we should charge you a commission of 35 instead of 25? Or is that not what you mean? Can you explain with an example?

Do you mean that we must make the commission floating, like spread?

 
Avals:
Are there any obligations/regulations to you from suppliers?
Almost all suppliers have internal regulations. I haven't seen any external ones. It's the retailers who are spoilt by the detailed description of every fart, and even then, for the most part, only in Russia. In the West, they don't really bother with it.
 
Rann:
Almost all suppliers have all their regulations in-house. I have not seen any external ones. It's the retailers who are spoilt with detailed descriptions of every fart, and even then, for the most part, only in Russia. In the West, they don't bother themselves with it.
Well, it is logical that if they receive a commission, there should be some kind of obligation. If they get commission, then they must follow some obligations. There are MM's obligations at the stock exchange, up to formulas of how long and what the average spread should be. Otherwise, how are they better than independent traders who trade with limits and thus provide liquidity? The latter pay the commission themselves, and the latter pay everything))
 
Rann:

It's a shame that everyone who knows how to run a state is already working as taxi drivers and hairdressers. (с)

Let's take an example. You have an account with our company. We claim a commission of $25 per million in turnover. You make a transaction of a million, we should charge you a commission of 35 instead of 25? Or is that not what you mean? Can you explain with an example?

Did you mean that we have to make the commission floating, like the spread?

The proposed idea is to put the entire commission into the Bid and Ask price, i.e. both buy offers are converted to buy at 14 and the sale will be at 8. In this case the offers are equal. That is, the total payment is already factored into the buy price. And the spread equal to 6, indicates the quality of suppliers and allows the trader to estimate the total cost for his strategy, although at the time of closing the spread can be different, but even then the commission of the supplier will already be included in the price. By the same logic, you can convert any vendor offer that has a price and commission into a price only, to select the best offer automatically without any artificial markups. Then you add your fixed commission, e.g. 15, as mentioned in the example, and then everything is transparent.
 
Rann:

For larger clients we have a PRO account, with a $15 commission.

What is the entry deposit or trading volume?
 
Avals:
It just makes sense that if they receive a commission, there should be an obligation.
They believe that there are obligations, but they do not have to state them, because they themselves know exactly how to do it, and the trader should just trust them, because they know better than the trader about it.
 
Andrei01:
The proposed idea is to put the entire commission into the Bid and Ask price, i.e. both buy offers are converted to buy at 14 and sell at 8. In this case, the offers are equivalent. That is, the total payment is already factored into the buy price. And the spread equal to 6, indicates the quality of suppliers and allows the trader to estimate the total cost for his strategy, although at the time of closing the spread can be different, but even then the commission of the supplier will already be accounted in the price. By the same logic, you can convert any vendor offer that has a price and commission into a price only, to select the best offer automatically without any artificial markups. Then you add your fixed commission, e.g. 15, as mentioned in the example and then everything is transparent.
I would gladly do this if it were close to the market standard, but unfortunately, the market standard now is that it's all about the woods and all about the woods. If you move everything to spread, you will be scolded for large spreads, if you move everything to commission, you will be scolded for large commission. But when you move some of them to spread and some to commission, no one swears because the commission is not bigger than the others and so is the spread. This is where marketing rules.
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