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There is now a regional bank that has gotten into the online FX business.
Check out www.fxcentral.com
Jack
----- Original Message -----
From: "Michael E Songer" <songer@xxxxxxxxxxxxx>
To: "Omega-list (E-mail)" <Omega-list@xxxxxxxxxx>
Sent: Tuesday, March 12, 2002 11:24 AM
Subject: RE: Trading on the Globex Market
> Gary,
> SF,EU,BP,JY mostly. Other stuff in small size. I would also ease into the
> market when possible (ie 100 cars every 10 mins all night), but if a
market
> is getting away, you need to get things done faster. Globex has an
> agreement with someone like Man or Carr(i don't remember who) and they
> provide liquidity for larger orders on globex. Call you broker, tell him
to
> do an RFQ for 1000 whatever and you will see a 2 sided price for 1000 hit
> your globex screen, then tell your broker to deal. So if you are ever
> wondering where the market is, do an RFQ for a couple hundred. I don't
know
> as you can get an RFQ in stock, because they have nothing to lay it off
> against. I am a big fan of Globex.
> Mike
>
> -----Original Message-----
> From: Gary Fritz [mailto:fritz@xxxxxxxx]
> Sent: Tuesday, March 12, 2002 9:43 AM
> To: Michael E Songer
> Subject: RE: Trading on the Globex Market
>
>
> > There is a lot of liquidity in globex. You may not see it on the
> > screen but it is there if you need it. I used to do 10,000 cars or
> > more in an evening in 500, 1000, 2000 increments.
>
> I'm curious -- in what market were you swinging 1-2000 cars at a
> whack?
>
> We trade 3-400 ES's and NQ's at a time, but we generally drop them in
> increments of 100 or so. The market could definitely absorb our 400-
> car orders, but we like to manage our entries/exits a bit and not put
> too big an order on one tick.
>
> > However, you need to watch the cash because trading may be thin on
> > the machine. if you need to do size, tell your broker to do a
> > "Request for Quote" (a button on the terminal) and the Globex guys
> > will come back with a respectable price. I have had much better
> > luck on Globex than EFP's. Mike
>
> So you were calling a broker with a Globex terminal? We run
> X_trader, which is almost like having a Globex terminal on your desk.
> It shows the book for 5 ticks on either side of the market, which I
> believe is all the CME sends out.
>
> > PS. What is a TS system?
>
> A mechanical trading system in Tradestation (TS). This *is* the
> Omega list. :-)
>
> Gary
>
>
>
>
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