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Foreign exchange market fights back against high-frequency trading

2023/2/25 0:51:19  Classification:   Participation: 7  

Bankers announce small progress rebatesinforex their fight against cashback forex rebatemeaninginforex High-frequency traders have now turned the foreign exchange rebateinforextrading into an arena where high-tech best forex rebate systems compete with traditional real-life operations The worlds largest inter-dealer brokerage firm, Icap, has flagged its support for manual trading, saying it intends to take steps to stifle high-frequency traders on its popular Investment bankers have been complaining for years that high-frequency trading (usually automated programmed trading systems owned by hedge funds that process trades at breakneck speeds) has disrupted the market, which has drawn close attention from regulatory authorities Many foreign exchange brokers have expressed dissatisfaction with the behavior of some high-frequency traders, saying they not only do not help increase market liquidity, but also interfere with other traders work. Its frustrating, its getting harder bestforexrebate harder to trade cleanly in the market. High-frequency trading is affecting our daily operations, and we have to face it head on. Some high-frequency traders are able to place and withdraw orders so quickly that a manual trader does not even perceive their presence. The new regulations in the United States and Europe that allow competing trading platforms to challenge existing national exchanges have led to significant changes in the trading patterns of equities and over-the-counter derivatives over the past five years, with the emergence of new dealers and electronic market makers that use ultra-fast computers and high-speed telecommunications networks to trade on competing platforms. The small spreads between trading platforms for arbitrage operations forex trading has shown strong resistance to this change, it is estimated that about 50% of trading activity still comes from live dealers partly because the role of forex brokers as trading intermediaries than other market counterparts, and forex trading clearing based on a different market infrastructure despite this, to enter the worlds largest financial market ( The possibility of entering the worlds largest financial market (the foreign exchange market has a daily trading volume of $4 trillion) is still attractive to large high-frequency traders such as Getco, Citadel, etc. Due to the decline in trading volumes of (lets say) traditional assets such as equities, these companies have begun to enter the market-making business in the foreign exchange market in order to obtain higher returns in the new asset class in the more mature and better regulated equity markets, traders can Hundreds of different trading platforms around the world to choose freely, but the foreign exchange market has only a dozen trading platforms to choose from This situation is now changing FFX (FXCM) and Credit Suisse (CreditSuisse) launched a new foreign exchange trading platform last month, designed to bring the rapid and transparent characteristics of stock trading into the foreign exchange market EBSs rival Thomson Reuters ( ThomsonReuters announced last week that it would spend $625 million to acquire another electronic trading platform, FXall, while some investment banks began to provide new services specifically to prevent predatory practices in high-frequency trading, with a view to mastering the market dominance of five investment banks disappointed with EBS recently reached an agreement to fund the support of Tradition Group (Tradition) Some bankers privately called for a tougher crackdown on high-frequency traders, for example, by forcing an extension of the minimum position time to curb flash orders (flashorder) Some high-frequency traders will issue very short-lived trading orders, they actually have no intention of buying or selling at the price submitted by the order, but only as a way to test market pricing However, even banks, do not think all high-frequency traders are not conducive to market trading order banks treat high-frequency traders as customers, and the vast majority of banks have their own internal electronic trading system many people believe that high-frequency traders in electronic trading provides beneficial liquidity Citigroup (Citigroup) electronic foreign exchange trading department head Simon & bull; Jones ( SimonJones) said: the human factor in the foreign exchange market still has a great influence on the foreign exchange market is at a different stage of development than the stock market, and thats all

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