stevesmain
Sergeant
- Messages
- 227
So lets translate XM's response.
STP & ECN trade goes to the market for a price check in aisle xauusd, comes back to station ok = trade goes through
or
XM station apparently according to XM personnel does not work as ECN/STP, does not check current market price just gives the trade a go ahead, then later XM hides behind their mothers skirt of their agreement = actions of a market maker
In an ECN/STP environment it is virtually impossible to engage in arbitrage/latency trading.
If traders are jack be nimble at the news and one makes the right trade, that was the price at that instant in time = good reflexes/judgement. The only conceivable exception would be a wild spike giving a false read which can be researched to see if this happened else were, XM is not claiming this here.
The only conclusion that seems appropriate is the XM has a flaw & is blaming a trader.
A quote from their web site
""
# 3 – Industry Leading Execution
We are acknowledged as industry leaders for our superior execution with no re-quotes and no rejection of orders. Our business model relies on the firm conviction that in forex execution is everything.
""
Seems this company does not wish to be governed by it's own rules about execution.
They are rejecting a traders order!
STP & ECN trade goes to the market for a price check in aisle xauusd, comes back to station ok = trade goes through
or
XM station apparently according to XM personnel does not work as ECN/STP, does not check current market price just gives the trade a go ahead, then later XM hides behind their mothers skirt of their agreement = actions of a market maker
In an ECN/STP environment it is virtually impossible to engage in arbitrage/latency trading.
If traders are jack be nimble at the news and one makes the right trade, that was the price at that instant in time = good reflexes/judgement. The only conceivable exception would be a wild spike giving a false read which can be researched to see if this happened else were, XM is not claiming this here.
The only conclusion that seems appropriate is the XM has a flaw & is blaming a trader.
A quote from their web site
""
# 3 – Industry Leading Execution
We are acknowledged as industry leaders for our superior execution with no re-quotes and no rejection of orders. Our business model relies on the firm conviction that in forex execution is everything.
""
Seems this company does not wish to be governed by it's own rules about execution.
They are rejecting a traders order!