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Date/Time: Mon, 23 Apr 2018 21:26:57 +0000



Post From: The Story of IG Markets and Sierra Chart. Classic Breach of Contract

[2016-02-24 07:42:25]
User972044 - Posts: 154
I find Sierra Charts is more suited for more of ECN type of brokers like IB or at least MarketMaker brokers that are risk neutral like FXCM which clearly have an incentive to provide fast reliable data feed to their clients for volume trading that makes up a more predominate source of income rather than pure market makers that are only interested in profiting from clients' losses.

And that is why I am surprised that LMAX proved to be not so lucrative for Sierra Charts as I thought LMAX is more of an ECN broker and would definitely benefit from users who are able to use a platform like Sierra Charts to get fast data plus programmable capabilities. And at the same time, perhaps Sierra Charts can look into some of the Australian brokers like IC Markets, Pepperstone and etc. to see if more fruitful business relationship can be provided there. These brokers, even though they advertise as ECN but are really like FXCM so if Sierra Charts is doing well with FXCM then Sierra Charts might be able to do well with them as well. They are both currently using CTrader based on C# but perhaps Sierra Charts can offer traders who use those brokers an alternative.

Just my thinking.
Date Time Of Last Edit: 2016-02-24 07:42:49