Infinity

[Blu-Ray]

I'm looking to open an account with Infinity, but when going throught their forms, you come to a page like this:

"Authorization for transactions in which TransAct may be on the other side"

When I opened my Tradestation account I never had to sign anything like this, but with Infinity it seems you have to.

At present I don't know who is on the other side and never will, but I know if Infinty/TransAct are going to be on the other side, then surely slippage would come into factor.

Has anyone noticed much slippage with this firm?

Do other brokers set up these arrangements?


Many Thanks

Blu-Ray

[cooter]

Actually, this is pretty much standard with many firms, be they FCMs or IBs.

It's usually a CYA authorization, just in case.

As is the case however, many forex bucketshops actively do this - act as the counterparty to your trades - but in the futures market you expect your trades to go into the regulated exchange for execution.

By taking the other side of your orders, you can potentially be at the mercy of your broker with stop spikes and errant quotes and the like, so be wary.

[Blu-Ray]

	Quote:	cooter
	By taking the other side of your orders, you can potentially be at the mercy of your broker with stop spikes and errant quotes and the like, so be wary.

Thanks cooter for the info

yes thats what I'm wary about

Blu-Ray

[cooter]

No need to worry about Transact (Infinnity is an IB for Transact) on this one, IMHO. They are solid firms with a good reputation for fair dealings.

However, if you're in the UK, and dealing with spreadbetting or CFDs then I would worry quite a bit - since those trades aren't necessarily entered into the regulated markets.

Remember, no audit trail could lead to big problems.

[Blu-Ray]

Thanks again cooter

Yes I'm in the UK and have dealt with the spreadbetting companies. This was the main reason I was worried, because I know having a bookie on the other side, they skew prices and stitch you up.

It was for this reason that made me think why Infinity/TransAct would want to be on the other side?

But if you're saying that most companies ask for this info, then thats good enough for me.

Cheers

Blu-Ray

[cooter]

Just make sure that they are regulated brokers and not one-off dealing books for High Street punters, if you know what I mean.

One quick measure is if you look at the Bid/Ask DOM and it doesn't match up with other brokers, say on the ES (e-mini S&P), for example - you might infer that something's going on, since all those orders should be placed in the market, and thus visible to all participants.

For US firms, look for NFA and CFTC oversight and registration.

More info at:

http://www.nfa.futures.org/index.asp
and
http://cftc.gov/cftc/cftcexchproduct...page=epcontent

[Soultrader]

	Quote:	hanz
	getting any goodies?

Actually Khurram is no longer with Infinity. Ill have a new contact information for Infinity shortly.

[Soultrader]

Please contact Matt Mckinney at m.mckinney@infinitybroker age.com.

[TinGull]

He left to pursue a position more geared towards what his passion is.

[superbearxg]

Hi,

Does anyone have experience using InfinityAT's integrated charting? It appears that they charge $24/month for integrated intra-day chart in InfinityAT platform.

thanks,