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CFD/Depth and sales platform, help wanted.
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CFD/Depth and sales platform, help wanted.

  #11 (permalink)
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I wouldn't bother.

The liquidity on CFDs is really low - but more importantly - these CFDs are artificial products rather than true derivatives that move purely based on order flow.

Like Forex - Prices can be set by the issuer of the product to prevent arb trades.

So trade the CFDs - but use order flow from the futures markets. You'll make much better decisions.

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  #12 (permalink)
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DionysusToast View Post
I wouldn't bother.

The liquidity on CFDs is really low - but more importantly - these CFDs are artificial products rather than true derivatives that move purely based on order flow.

Like Forex - Prices can be set by the issuer of the product to prevent arb trades.

So trade the CFDs - but use order flow from the futures markets. You'll make much better decisions.

The title of this thread is "CFD/Depth and sales platform, help wanted" but am I correct to assume that these two items can never be found together and that this is for a reason?

Also are you suggesting to scalp via market data from one platform (i.e. Sierra DOM) and then place the CFD orders on another live platform? would this work?

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  #13 (permalink)
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Revan View Post
The title of this thread is "CFD/Depth and sales platform, help wanted" but am I correct to assume that these two items can never be found together and that this is for a reason?

Also are you suggesting to scalp via market data from one platform (i.e. Sierra DOM) and then place the CFD orders on another live platform? would this work?

Yes. Because there is no depth of market (dom/order book) on a CFD platform, the market is made by the 'broker'.

I've actually done ok using live market data, and placing orders with a cfd broker, but that was with 5 to 10pts of risk, rather than a few ticks you might be looking for when scalping. The prices and movements wouldn't be the same between the two platforms for all the aforementioned reasons.

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  #14 (permalink)
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Revan View Post
The title of this thread is "CFD/Depth and sales platform, help wanted" but am I correct to assume that these two items can never be found together and that this is for a reason?

Also are you suggesting to scalp via market data from one platform (i.e. Sierra DOM) and then place the CFD orders on another live platform? would this work?

Yes - I would absolutely recommend that - but not Sierra DOM of course ;-)

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  #15 (permalink)
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Due to the nature of CFD they are not allowed to be discussed on the site. They are in the same category as penny stocks.

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  #16 (permalink)
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tturner86 View Post
Due to the nature of CFD they are not allowed to be discussed on the site. They are in the same category as penny stocks.

Hmm, to be confirmed by @Big Mike but I don't think so.
I'll put CFD in the same category as ETF, which are not as "scam-compatible" as penny stocks or binary options for example.

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  #17 (permalink)
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sam028 View Post
not as "scam-compatible" as penny stocks or binary options for example.

Not from today .ESMA introduces restrictions to CFDs and ban binary options

https://financefeeds.com/esma-bans-offering-binary-options-retail-investors-introduces-restrictions-cfds/

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  #18 (permalink)
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tturner86 View Post
Due to the nature of CFD they are not allowed to be discussed on the site. They are in the same category as penny stocks.

Hello tturner86, hmm it says nothing in the disclosure, I'd imagine it's a soft shadow policy which is a given on a privately owned forum and in the case of moderation has that human element to filter the bad from the good which is way more progressive/useful than an absolute ruling, I trust the mods around here can see that this particular thread has useful info, also hello everyone I am new, hey BigMike.


Guys, getting back onto contract for difference order flow scalping.

After some research it seems that yes as previously stated, market makers do not provide depth for CFDs, you can however view market depth with direct market access (DMA) CFD's, but whether this is suitable enough I'm still not sure, does anyone have Sierra chart? if you look in the symbols it says "CFD" in there.. I'm pretty sure I can get the DMA accsess CFD's up in the Sierra DOM. does anyone have any comments? like I said I'm new.


Last edited by Revan; March 27th, 2018 at 09:38 AM.
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  #19 (permalink)
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sam028 View Post
Hmm, to be confirmed by @Big Mike but I don't think so.
I'll put CFD in the same category as ETF, which are not as "scam-compatible" as penny stocks or binary options for example.

I am not for sure, there was a thread at one time discussing them and I thought @Big Mike said it wasnt allowed.

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  #20 (permalink)
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sam028 View Post
Hmm, to be confirmed by @Big Mike but I don't think so.
I'll put CFD in the same category as ETF, which are not as "scam-compatible" as penny stocks or binary options for example.

I respect the fact that you are trying to save many traders from making bad choices and yes, penny stocks and Binary options are instruments where many customers are taken advantage of and cheated out of hard earned money.
However, we can not go around in determining what is legit just based on the underlying product. The broker/market maker/dealing-desk makes a big difference in determining whether the product is priced right and whether the traders have a truly fair chance for positive expectancy.

On this note....

An ETF is an exchange-traded product while CFDs are made by a dealing-desk/Market-Maker and could vary in pricing across different broker on the exact same instrument. CFDs are based only on the cash value of the product.

Matt Z
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