In a press release today FXCM have announced that:
Its U.K. subsidiaries, Forex Capital Markets Limited and FXCM Securities Limited, [have] entered into a settlement with the Financial Conduct Authority (“FCA”). The settlement addresses trade execution practices concerning the handling of price improvements on FXCM UK’s offsetting orders from August 2006 – December 2010.
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Interactive Brokers have recently released build 944 of their venerable Trader Workstation platform (or TWS for short). They have also made the interesting announcement that:
MultiCharts advanced charting is now accessible from within TWS as a complement/upgrade to our existing interactive charts.
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Ray Robot II and I have just been called a variety of names over on a LinkedIn thread started by Marcos López de Prado and entitled "Pseudo-Mathematics and Financial Charlatanism". As best as I can work out Guy Fleury has suffered a total sense of humour failure, and his view can be summarised as:
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Regular readers of the Trading Gurus blog will be aware that we have been pondering the possible effects of additional regulation on markets on both sides of the Atlantic for some considerable time now. In this guest post Alex Krishtop of Edgesense Solutions speculates about what the future holds for the world's financial markets. In our view Alex's crystal ball is much clearer than those of the vast majority of market commentators.
More on Will New Regulations "Stabilise" the Financial Markets?
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I don't know about you, but here at the Trading Gurus HQ (TGHQ for short) we've been receiving a veritable blizzard of emails recently saying things like:
Dear Trader,
Please be aware that we have been informed by Meta Quotes that as from Friday 1st August 2014 all clients using a version of MT4 older than Build 600 will not be able to use it, as it will be disabled.
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Regular readers will recall that we reported back in 2011 that IBFX had been acquired by TradeStation, itself part of the Japanese Monex Group. Now it looks as though Monex has finished its brief excursion into MetaTrader land. I've received several emails announcing the news summarised in today's headline. According to FXCM's news release:
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It's currently Sunday night UK time, so we've just restarted a variety of flavours of MetaTrader 4 on one of our virtual private servers. They've all automatically updated themselves from version 4.00 build 711 (27 Sep 2014) to the shiny new build 735 (17 Oct 2014), and they've all stopped working! Here's a screenshot showing the symptoms of the problem:
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It's a long time since I've visited the forum at Forex Factory. However recently I performed a Google search to discover if anybody else out there trades the DAX in the same way as Ray Robot II, i.e. using breakouts from the previous day's range. That led me to a surprisingly interesting thread on the FF forum. It even possessed a Latin title! Carpe Diem, or "Sieze the day" in English.
More on Have Some Senior Members of Forex Factory "Gone Berserk"?
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