Dodgy MM prices (CFDs & FX)

[Trembling Hand]

Re: Dodgy MM prices (CFD's & FX)

Did this spike happen 4/4?

Yep. CFD this chart is inverse to yours but it was there.

 

[Trembling Hand]

Re: Dodgy MM prices (CFD's & FX)

Opps! here is the chart

 

[skc]

Re: Dodgy MM prices (CFD's & FX)

Decided to actually read up on CMC's PDS and found this.

3.19 Clients may be treated differently

CMC Markets in its absolute discretion may quote different prices, and charge Commission, Financing Charges, Rollover Charges and other charges at different rates, to different clients.

Not sure if other providers have similar clause.

What do people think of this? Does it mean that, if a MM deliberately move the quotes to take out your stops (not in anyway suggesting that is the case), you have no right to complain at all? By giving different prices to different people, they also avoid the risk of being arbitraged by other fast traders out there...

 

[el caballo]

Re: Dodgy MM prices (CFD's & FX)

TH,

Can you please check to see if this FTSE 100 spike at 7.59am London time (17 mins ago) occurred on the futures.

Many thanks.

 

[Trembling Hand]

Re: Dodgy MM prices (CFD's & FX)

Nope. Thats only on IG. I can even play back the bid/ask spread tomorrow and double check the spread but has to be tomorrow. Highest on the futs is 4338

 

[el caballo]

Re: Dodgy MM prices (CFD's & FX)

Much appreciated!

 

[Wysiwyg]

Re: Dodgy MM prices (CFD's & FX)

Greg I don`t have that spike on my ig chart!BUT the day high/low shows 5272.1 was the high.The chart spike isn`t there but this below proves it.

Can anyone who went short and was taken out by it please check in.Thanks.

 

[Trembling Hand]

Re: Dodgy MM prices (CFD's & FX)

Its obviously a bad tick data problem. That's all.