Support Board
Date/Time: Sun, 12 Jan 2025 08:14:26 +0000
FXCM data in Sierra Chart
View Count: 2347
| [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 and hence its total tick volume may no longer represent as accurately volume as other broker gaining a larger share of the market and potentially a larger pool of bank liquidity...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! |
| [2017-02-07 17:03:47] |
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We are looking into switching to a different Forex feed. This will be looked at over the next couple of weeks. The FXCM feed will continue to be available as long as it is available to us. 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: 2017-02-07 17:04:01
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| [2017-02-07 23:14:09] |
| User113734 - Posts: 60 |
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Thanks so much! As always, I know you will make the right call by switching to a broker with its fair share of market access and pool of bank liquidity... that will best represent volume/tick volume. Keep us updated when/if these changes occur please. |
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