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Date/Time: Thu, 25 Apr 2024 17:58:00 +0000

Post From: LMAX Trading through Central FIX Connection with No Monthly Fees

[2016-03-09 11:26:02] Link To Thread - Link To Post [Go To First Post]
Mack - Posts: 83
About the old connection model: I used to trade with LMAX on the old FIX connection, and I often ran into a problem that LMAX would reject my targets. I would enter a trade with a stop & target, but the target would be rejected due to overexposure. I think this is a LMAX quirk, because most FX brokers don't have this issue. It appears that LMAX sees my buy-stop-target bracket, not as one order but as two unique orders. So LMAX see this: 1: - buy limit (60x leverage) - stop (0x leverage) 2: - target sell limit (60 x leverage) And the total exposure gets up to 120x, so LMAX rejects my target. I always thought, that if I could program Sierra Chart so that my target order would not be sent to the market, but instead was kept locally, we could workaround this issue. Will this LMAX quirk continue with the new connection model? Date Time Of Last Edit: 2016-03-09 11:34:48