Date/Time: Mon, 23 Jul 2018 01:53:08 +0000
Post From: Announcement: New Connection Model for FXCM and LMAX
Sierra Chart Engineering - Posts: 61954
Another thing we want to be clear about with this connection model, is there are no price markups, and no financial benefit to us at all.
In other words, we will receive no commissions at all. As we said we are only providing an order routing gateway for Sierra Chart users to these services.
The price of Sierra Chart remains the same and all Forex quotations remain the same as provided by FXCM and LMAX.
Also the intended release date will be sometime in January, but it could be pushed back to February.
The intention of this change, is to make it much easier for users to use LMAX and FXCM, without having a minimum account balance or minimum or high monthly fees and at the same time use a reliable and trusted FIX connection.
And as we also said, there is also the advantage of server-side OCO and bracket orders. Although with these types of orders, they are not completely without risk but those risks will be disclosed ahead of time. The expectation is the practical risk will be very low with them.
Sierra Chart Support - Engineering Level
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Date Time Of Last Edit: 2015-11-28 04:36:08