如果申请开立Hotspot Fxi，大概需要做哪些准备？

玉龙行者

需要人去美国现场吗？持有中国护照可以吗？谢谢。

huang840118

最少要百万美元的资金才有资格开户

hiro

楼上的联系到了没？

redstart

敢问KEYA兄在哪家机构任职？ 有问题请教

KEYA

http://www.barx.com/    或EBS   Deutsche Bank  或 London Capital Group  的Currenex  Lava Trading  FXall清算能力都不错，毕竟外汇SPOT 市场交易量在伦敦占7成以上，佣金根据你的交易量，可以谈得， 开公司与否并不重要，以私人投资的名义也不是不可以，关键是资金，，资金进出香港和新加坡的几家大银行都可以，比如CITY等  瑞士的几家大银行也可以，，没有大家传说的那么多金额条件，只是资金用途和来源的审查比较啰嗦，CrediSwiss 等

trader888

聯系FC Stone或者Man Financial

hiro

有一点比较令我费解的是，一部分ECN的代理为什么要加点差。如果不对赌，那么和直接加佣金的赚头是一样的，而且前者还破坏了ECN最重要的核心规则，我实在看不出这么做有什么好处。

不过话说回来，对于CurrenEX 和 HSFXi 来说，加点差的行为可能只发生在 White Label Partners，而对于HSFXr来说，目前还不太好判断是不是加过了点差。（因为点差大小和ECN的合作清算行的数量、以及提供的流动性有很大关系）

linx

原帖由 玉龙行者 于 2009/1/20 22:12 发表
ECN可以做个好ECN，也可以随兴（偶尔）变身为MM，这是我个人的理解。所以FXR可能会存在这种问题，FXR最近的净资本据说只有不到1500W美元，不知道跟FXi是不是各自独立的...

这其实就是最大的风险（也可以随兴变身为MM），一个真正的ECN就应该专注于发展他的交易技术：撮合、以及提供平滑的流动性的技术，而MM的核心技术更多的是头寸管理。两件事情要同时做好是不容易的，搞不好某天一个大单子上埋下隐患，发展下去就是破产清算以及无休止的法律文书等等，参考巴林银行、瑞富、雷曼等等的破产事件，这不是耸人听闻的说法，金融行业并非固若金汤，相反非常脆弱


不过，如果不是和客户对着做，而是比较简单一点的加点差，多捞点客人的油水，那么的话风险是小很多了，利润也会是不错的，不过商业诚信就没有了，将来能发展到的层次也是有限的。对客户来讲，在这样的平台上交易成本是巨大的

玉龙行者

Hotspot 今天通过邮件说：

An individual can open an FXi account with the following restrictions :
1. Account must be at least USD 100,000

2. Each trade size has to be at least around USD 500,000

You would still apply and open an account with Hotspot FXr, and then FXr acts as your credit margin provider for trading on FXi.

Kind regards,
[size=+0]

Alex

玉龙行者

我看了下，确实有不少人拿它们两个进行比较。对于我来说，我更倾向于美国背景的公司，CX好像是俄罗斯背景，我回头再挖掘一下。

至于ECN的功能，我认为是没有官方规范的的central marketplace，现在基本出结论了---东西是好东西，关键是要看使用的人。linx暗示Hotspot FXR可能有后台人为的操作，这也是可能的。ECN可以做个好ECN，也可以随兴（偶尔）变身为MM，这是我个人的理解。所以FXR可能会存在这种问题，FXR最近的净资本据说只有不到1500W美元，不知道跟FXi是不是各自独立的，这两天跟他们联系一下，看看怎么说。

下面的文章，有兴趣的，可以慢慢看看，也是讨论ECN角色的：

I dont agree with ECNs being EBS for the little guy, there is a huge difference between EBS and the likes of Currenex and Hotspot.

EBS is still mainly a manual execution venue for banks, most of the time a bid or offer is only placed into the system when there is interest, this is changing with apis. Secondly credit is restrictive, you can only deal with banks that you have a direct relationship with so if your line is full you will not be able to hit those prices. It is not readily open to the market.

At the price Currenex and Hotspot have more available liquidity, i.e they may have average of 10 15 available where EBS only has 2-5 (eur/usd).....

both of these ECNS also have streaming prices from banks and hedge funds, and this is where they better EBS, clients have become liquidity providers. They are taking over the role of banks to provide liquidity into a market place. This is where Nz is bang on..and where a little understanding needs to be had...the higher price for dealing on these platforms is down to the clearance of credit necessity but also the constant prices they will see...during times of market fluctuations (non farm payroll this week is an example0 liquidity will dissappear...As I said on another post to Viper, dont complain about the spread because banks have no more idea than you do when making a price during these moves, Streaming prices are based aroudn EBS and Retuers and they have no liquidity during these moves either...they will either widen or pull ... if you want to deal then a client has the ability to make a price to the market.

The holy grail of course is providing a centralised credit mechanism and currently they have been much more successful in this with prime brokers than EBS. Its not centralised in the true sense and indeed as Viper correctly noted Currenex has hubs so if you get the wrong pb you could get really bad liquidity ...(confuses me why the wouldnt put everyone into a centralised pool ?) and of course Hotspot as viper correclty noted is a centralised market place in the sense everyone sees the same price.

As for price movement and spread there is more available liquidity in the market place now than there has ever been, the main difference is how many traders have access to that information and can trade on it.

Spreads have narrowed to reflect this, to a point where retail trading has exploded over the last 5 years, however this has led to unrealistic fight over spread. Where a 2nd or 3rd teir broker relies heavily on bank streams to cover their business, there is a huge risk that those banks pull their liquidity if they themselves do not make enough on the volume...this is why its important to consider a longer term solution where clients can deal with clients