Andrew_arm
ArmadaMarkets Representative
- Messages
- 38
We have provided the client execution reports from our LP-s.
Armada uses services of Swiss technology provider primeXM. None of the brokers using primeXM's services do not have VDP-s or any other similar plugins installed simply because of the reason that it is not allowed by primeXM. This creates an extra layer of trust for our clients and is one of the reasons why we have and some other primeXM's clients have a large proportion of professional traders.
The orders in question were initiated and executed during the overnight economic news release. Armada nor any other broker cannot control the liquidity, volatility, slippage dynamics or other market conditions during economic news releases or other events. Especially during the Asian session.
Services of primeXM (FIX engine, bridge, liquidity aggregator etc) are used by a great number of brokers, macro and currency funds and corporates around the world. Therefore we disagree with your opinion that we and all these other firms have instable, illogical intrastructure and setups as all of us use the same configurations (xCore) that have been tested and worked out by primeXM.
It is common knowledge among traders that market depth is often scarce or non-existent during economic news releases and pointed it our yourself in your last phrase. So clearly you understand the liquidity situation during the news. I believe every broker tries to find the best possible liquidity for all types of market conditions. However, it is logical that LP-s (even the largest ones) do not want to expose themselves to unmanageable risks during economic news releases. Therefore anybody trading only specifically the news should be extra cautious.
Armada uses services of Swiss technology provider primeXM. None of the brokers using primeXM's services do not have VDP-s or any other similar plugins installed simply because of the reason that it is not allowed by primeXM. This creates an extra layer of trust for our clients and is one of the reasons why we have and some other primeXM's clients have a large proportion of professional traders.
The orders in question were initiated and executed during the overnight economic news release. Armada nor any other broker cannot control the liquidity, volatility, slippage dynamics or other market conditions during economic news releases or other events. Especially during the Asian session.
Services of primeXM (FIX engine, bridge, liquidity aggregator etc) are used by a great number of brokers, macro and currency funds and corporates around the world. Therefore we disagree with your opinion that we and all these other firms have instable, illogical intrastructure and setups as all of us use the same configurations (xCore) that have been tested and worked out by primeXM.
It is common knowledge among traders that market depth is often scarce or non-existent during economic news releases and pointed it our yourself in your last phrase. So clearly you understand the liquidity situation during the news. I believe every broker tries to find the best possible liquidity for all types of market conditions. However, it is logical that LP-s (even the largest ones) do not want to expose themselves to unmanageable risks during economic news releases. Therefore anybody trading only specifically the news should be extra cautious.