anthony b asked:

Hello
I wish to speak with people interested in starting a forex ECN brokerage for small retail traders. The model would be similar to mbtrading’s model, of variable low spread, commision, reputable business practice, great customer service

There are only two ECN’s catering for the small forex retail trader, and deltastock is very new, Ive only seen their ads this last month. Theres is plenty of space for a third. Small retail traders are abuzz on the forums about ECN’s, as they offer almost institutional spreads, which they feel levels the playing field. ECN’s are indemand, and what small retail traders want.

I also wish to speak with industry professionals, as to what steps are be undertaken to complete my goal
Thanks fx for your fulsome post,
i am aware of retail ecn for accounts over $5k Usa such as lava, hotspot. However alot of small retail traders, dont even have that capital available, so efxgroup/mbtrading and deltastock are the only ecn’s available for smaller traders

What you outlined, was precisely the kind of information I was interested in. The road map. I have received more guidance from an fx broker also

The interesting thing is to consider, who would the market. Tier2 prime broker, tier3 broker, a gaming/gambling company etc. At the moment, Im still on a factfinding mission, for this and other considerations
fx,
Are you able to direct me to contacts that I can email correspond with, to further my aim?

Question posted courtesy of: Caffeinated Content