Comments on: Counterparties http://blogs.reuters.com/felix-salmon/2011/04/13/counterparties-339/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TFF http://blogs.reuters.com/felix-salmon/2011/04/13/counterparties-339/comment-page-1/#comment-25774 Thu, 14 Apr 2011 00:45:47 +0000 http://blogs.reuters.com/felix-salmon/?p=7924#comment-25774 Any insight on the improper-foreclosure settlement? Without details, I’m skeptical that anything real was accomplished.

http://www.ft.com/cms/s/0/636dd2a6-6609- 11e0-9d40-00144feab49a,s01=1.html?ftcamp =rss#axzz1JSCWAWqh

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By: dedalus http://blogs.reuters.com/felix-salmon/2011/04/13/counterparties-339/comment-page-1/#comment-25773 Thu, 14 Apr 2011 00:36:00 +0000 http://blogs.reuters.com/felix-salmon/?p=7924#comment-25773 There’s something weird about FXCM.

Do they show their customers stale markets, with big latencies, possibly enabling FXCM to cross their orderflow in house or to frontrun it altogether?

In any case FXCM does not trade a lot of volume. I’d advise aspiring FX traders to send their orders to the much bigger pools of liquidity at EBS, Hotspot, Currenex or Reuters.

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By: TFF http://blogs.reuters.com/felix-salmon/2011/04/13/counterparties-339/comment-page-1/#comment-25760 Wed, 13 Apr 2011 17:39:07 +0000 http://blogs.reuters.com/felix-salmon/?p=7924#comment-25760 The article estimates 800,000 Americans “dabble” in forex trading, yet cites two industry leaders as driving the trend — who combined have fewer than 100,000 accounts in the US.

The numbers simply don’t add up. My guess is that the 800,000 figure is both grossly inflated and includes a large number who use forex trading sensibly. Perhaps as a hedge for their business or as part of a comprehensive investment scheme? (I’ve considered such myself, though I’ve thus far figured it is more trouble than it is worth.)

The 100,000 customers of those companies are pretty typical dupes of a scam. It isn’t a particularly large number, however, in a country with 300 million people.

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By: djiddish98 http://blogs.reuters.com/felix-salmon/2011/04/13/counterparties-339/comment-page-1/#comment-25755 Wed, 13 Apr 2011 16:03:24 +0000 http://blogs.reuters.com/felix-salmon/?p=7924#comment-25755 I’m still baffled how the currency markets like this are considered legal, yet sports gambling is still illegal.

The average loss figures on page 2 are ridiculous

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