Andrew_arm
ArmadaMarkets Representative
- Messages
- 38
You seem to be totally lost. The Smart platform is a multi-asset product for retail investors with an average AUDUSD spread of 3 pips. Kindly read the first sentence on their front page - www.sucden-smart.co.uk. It says: "Trade Futures, CFDs, Stocks and Forex on SMART, the multi-asset online trading system for private investors..."
We are not a private investor. We are their institutional client and are provided institutional liquidity via FIX.
It is a fact that spreads widen during the economic news releases.
It is a fact that liquidity becomes scarce during the economic news releases.
It is a fact that because of the above reasons most orders get slipped during the news releases, some more, some less. If you don't like this absolute uncertainty then you are free not to trade the news.
On October 10, at 00:30 GMT you got slippage with with your AUDUSD orders when economic news were released and AUDUSD trading range was 50 pips within a few seconds. Slippage is unavoidable during extreme market conditions.
The moderator has replied to you already that orders sent to the market at the same time during news releases often get a different fill price because of volatility. FX is not a centrally cleared market place, so it is normal that rates differ a few pips among different brokers, especially during economic news releases.
So finally, after 3 weeks, do you have any proof that the slippage on October 10, at 00:30 GMT was something else than extreme market conditions due to economic news release during Asian trading session?
We are not a private investor. We are their institutional client and are provided institutional liquidity via FIX.
It is a fact that spreads widen during the economic news releases.
It is a fact that liquidity becomes scarce during the economic news releases.
It is a fact that because of the above reasons most orders get slipped during the news releases, some more, some less. If you don't like this absolute uncertainty then you are free not to trade the news.
On October 10, at 00:30 GMT you got slippage with with your AUDUSD orders when economic news were released and AUDUSD trading range was 50 pips within a few seconds. Slippage is unavoidable during extreme market conditions.
The moderator has replied to you already that orders sent to the market at the same time during news releases often get a different fill price because of volatility. FX is not a centrally cleared market place, so it is normal that rates differ a few pips among different brokers, especially during economic news releases.
So finally, after 3 weeks, do you have any proof that the slippage on October 10, at 00:30 GMT was something else than extreme market conditions due to economic news release during Asian trading session?
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