Support Board
Date/Time: Wed, 22 Jan 2025 04:32:08 +0000
LMAX trading on the weekend
View Count: 1206
| [2018-08-27 16:38:37] |
| User842913 - Posts: 4 |
|
Hello, I have found that LMAX offers his clients additional instruments that can be traded on the weekend. I have attached screenshot of LMAX web platform that shows that in addition to regular GBP/USD spot instrument there is another instrument called "GBP/USD (weekend)" which floats also on the weekend. https://www.sierrachart.com/Download.php?Folder=TicketingSystem&download=21550 Apart from GBP/USD there are also other products available for trading on the weekend, like other forex majors, gold, and some indices. I have been testing trading "GBP/USD (weekend)" on LMAX demo web platform for last 2-3 weeks, just to see how it floats. What I've discovered is that the spread was stable just like on GBP/USD, and volatility was also satisfying, around 100 pips between Saturday and Sunday. I wasn't able to open any chart for that instrument on LMAX web platform, so I was trading basically off from the order panel. Is it possible for Sierra Chart to implement those weekend instruments into SC Data Feed? I am mostly interested in "GBP/USD (weekend)". |
| [2018-08-27 17:44:47] |
| |
|
So long as the symbol is the same as the listed symbol Sierra Chart already has, you will be able to receive market data and trade any symbol that is open on the weekend on LMAX, in Sierra Chart. We do not know why they would use a different symbol if they are. That is terribly confusing if that is actually the case. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2018-08-27 17:45:05
|
| [2018-08-27 18:23:48] |
| User842913 - Posts: 4 |
|
Regular spot GBP/USD isn't available for trading on the weekend either on LMAX or in SC. My guess is LMAX chose to create additional symbol for the weekend trading because there can be different market maker(s) providing liquidity just over the weekend. For example, regular GBP/USD closes on Friday and opens on Sunday evening with just 5 pip gap while "GBP/USD (weekend)" makes 100 pips between Saturday and Sunday. In this way volatility on "GBP/USD (weekend)" doesn't affect volatility on GBP/USD, at the same time "GBP/USD (weekend)" provides opportunity to trade on the weekend. So it really is different symbol. |
| [2018-08-28 18:38:25] |
| |
|
Okay we will ask LMAX about this.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2018-08-29 08:23:13] |
| |
|
We have asked LMAX about this and this is their response in regards to this: FX will continue to operate for 5 days a week. Only Crypto CFDs will be available on the weekends.
Symbols will be the same. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2018-08-29 08:39:06] |
| User842913 - Posts: 4 |
|
OK, I see this is not going anywhere. I don't understand why they (lmax) provide "weekend" instrument but when asked about it they respond like they are not even aware of its existence. Thanks anyway. |
To post a message in this thread, you need to log in with your Sierra Chart account: