Support Board
Date/Time: Sun, 12 Jan 2025 10:53:00 +0000
Post From: FXCM data in Sierra Chart
| [2017-02-07 14:34:27] |
| User113734 - Posts: 60 |
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Hi Sierra, I have a question. Following the news that FXCM will exit the US market after the ban and penalty imposed by the CFTC. Read below: http://news.forexlive.com/!/cftc-orders-fxcm-to-pay-7m-penalty-for-defrauding-retail-forex-customers-20170206 http://www.cftc.gov/idc/groups/public/@lrenforcementactions/documents/legalpleading/enfforexcapitalorder020617.pdf For those of us trading spot FX via Sierra Chat using number bars as part of the data/trade services (SC Data - All Services), which I understand has its origins from FXCM feed, do you believe the number bars to monitor volume will still be a fairly accurate reflection of the total volume transacted... or should Sierra Chart Team consider to find a data provider other than FXCM for your spot FX traders (me included) in anticipation that FXCM will be losing business/credibility/access to different bank and dark pool liquidity providers? and hence its total tick volume may no longer represent as accurately volume as other broker gaining a larger share of the market and potentially a larger pool of bank liquidity... The message is just a cautionary advise in case the consequences of FXCM debacle might influence our ability to accurately read tick volume in spot FX, which ive found over the years to be an accurate reflection of the total volume transacted. Thanks! |