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MB Trading Futures - Introduction

  • #901
  • Jul 23, 2007 12:21pm Jul 23, 2007 12:21pm
Quoting JanPoko
Hi Justin,

once Omega is out and ready, will it be available for MBT customers too?

thanks for your answer
Jan
Jan,

Omega will only be available for EFX clients.
  • #902
  • Jul 23, 2007 1:28pm Jul 23, 2007 1:28pm
Quoting jleblang
Jan,

Omega will only be available for EFX clients.
Thanks.
That's a strong argument - for EFX
Jan (probably your future client)
  • #903
  • Jul 24, 2007 1:39am Jul 24, 2007 1:39am
I couldn't watch the Project Omega sneak peek webinar due to being stuck at work.

Can someone who watched it give us some highlights? Apparently wasn't recorded so 2nd hand anecdotes from FF users are my only hope
  • #904
  • Jul 24, 2007 3:05am Jul 24, 2007 3:05am
Quoting Shadders
I couldn't watch the Project Omega sneak peek webinar due to being stuck at work.

Can someone who watched it give us some highlights?
It doesn't begin until 8pm EDT (July 24), that's not for another 18 hours... I could put on my psychic helmet and report some of the highlights before they happen, but I can't guarantee my accuracy !

Jin.
  • #905
  • Jul 24, 2007 5:00pm Jul 24, 2007 5:00pm
How do i skype in to the webinar phone number (605) 772-3434 ? Skype doesnt offer a 605 prefix? Wouldnt it be much easier (and free) to just make a skype conference call? Is this some toll number in USA?
  • #906
  • Jul 24, 2007 7:46pm Jul 24, 2007 7:46pm
Hope to see Omega with many good features.

I hope it have support over proxy, just like any MT4 platform.
  • #907
  • Jul 24, 2007 9:21pm Jul 24, 2007 9:21pm
How is the webinar?

When can we expect the beta version of Omega? I want to test it.
  • #908
  • Jul 24, 2007 10:58pm Jul 24, 2007 10:58pm
Quoting zamans98
How is the webinar?

When can we expect the beta version of Omega? I want to test it.
That was a thrill of a presentation, and anyone trading forex should have been there. I look forward to what they have coming.
FXChant Singing the World of Forex
  • #909
  • Jul 24, 2007 11:02pm Jul 24, 2007 11:02pm
Any highlights you'd care to share?

Justin,

Can you confirm what platform the mobile solution will run on? I'm about to buy a PDA/phone and I want to be sure I'm compatible.
  • #910
  • Jul 25, 2007 12:56am Jul 25, 2007 12:56am
  •  tesla
  • | Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
I was one of the 300+ people who attended the webinar, I'll give a quickie rundown.

There was a fairly detailed discussion (approx one hour) of the history of electronic trading and the advantages of using a straight-through processing ECN for trading (having your orders exposed to the market so your broker can't jack you around, etc.). It was a good overview for those unfamiliar with the difference between an ECN broker and a dealing-desk broker. Nothing new or revolutionary if you're familiar with the difference, but some insight was provided into the mindset of the EFX guys as to where electronic forex trading is heading. I liked what I heard.


Now regarding Omega:

  1. No screenshots were provided, so dunno what it looks like.
  2. No monthly cost, it will be made available to EFX customers only.
  3. It will have integrated charting, and trading from the chart will be possible.
  4. It makes use of some sort of space-folding technology to chart pricing four and a half hours into the future. It takes alot of energy to do this, so you'll only be able to see the future price for a single pair at any one time.
  5. A great deal of emphasis is being placed on wireless/cellphone/blackberry/etc. trading.
  6. There will be some sort of scripting/automation functionality, they talked about server-side automated trading.
  7. No idea if an API will be exposed (my question went unanswered).
  8. It will make use of their current order placement/management system so you're not going to see a change in spreads, slippage, etc.
  9. It's not written in Java.
  10. It's largely (if not completely) custom development and it might not do all the cool stuff right out of the gate. Most likely implemented over multiple releases.

Justin, if you want me to pull any/all of these details just let me know. I figure it's safe to do so since you spilled the beans to more than 300 people.

  • #911
  • Jul 25, 2007 1:12am Jul 25, 2007 1:12am
Quoting tesla

  1. It makes use of some sort of space-folding technology to chart pricing four and a half hours into the future. It takes alot of energy to do this, so you'll only be able to see the future price for a single pair at any one time.



I agree, the presentation was interesting (altho i yawned quite extensivly at the usual efx marketmaker-bashing in the middle of the show). You forgot one point tho: global same execution-speed for everyone, regardless of location. I am curious what they mean by that. I mean, they cant magically make internet-latency disappear. If everyone has the same speed of execution with omega, that also means navigator will either be slower or faster, which makes one of the two platforms obsolete. Or maybe it means, Justin will pay me a private Radians-line into my house?

He also mentioned, that they are working on more account base-currencies and reasonable ways of transfering cash for non US-residents, no ETA tho. One of the reasons im not trading with them atm. Swaps will change too (really soon now, really). I think its slowly getting there.

My API question didnt get answered too.
  • #912
  • Jul 25, 2007 1:18am Jul 25, 2007 1:18am
  •  tesla
  • | Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
Quoting shrike

You forgot one point tho: global same execution-speed for everyone, regardless of location. I am curious what they mean by that. I mean, they cant magically make internet-latency disappear.
Yeah... that one had me stumped. I'm not Stephen Hawking smart but I'm pretty sure thats impossible. I'm guessing they were talking about more direct routing as opposed to magically teleporting data across the internet.
  • #913
  • Jul 25, 2007 2:12am Jul 25, 2007 2:12am
nice of u guys to share for those of us who were unable to attend...
  • #914
  • Jul 25, 2007 8:45am Jul 25, 2007 8:45am
I was testing demo version of EFX Navigator, and this happened to me twice.
I couldn't close my open orders with messages such as destination unknown or something. (that's another thing, all trading messages are wiped out after a day and I don't know how to find them) Few hours later I was able to close my order.
In light of this I am very doubtful about using this system live.
As cumbersome as it is by itself, if it loses track of open positions at critical moments it hard to trust it with real money.
  • #915
  • Jul 25, 2007 8:54am Jul 25, 2007 8:54am
Quoting irusoh
I was testing demo version of EFX Navigator, and this happened to me twice.
I couldn't close my open orders with messages such as destination unknown or something. (that's another thing, all trading messages are wiped out after a day and I don't know how to find them) Few hours later I was able to close my order.
In light of this I am very doubtful about using this system live.
As cumbersome as it is by itself, if it loses track of open positions at critical moments it hard to trust it with real money.
It's well-documented on these boards that they test new code in their demo environment, which brings it down from time to time. No impact on the live environment though.
FXChant Singing the World of Forex
  • #916
  • Jul 25, 2007 9:50am Jul 25, 2007 9:50am
Quoting shrike
How do i skype in to the webinar phone number (605) 772-3434 ? Skype doesnt offer a 605 prefix? Wouldnt it be much easier (and free) to just make a skype conference call? Is this some toll number in USA?


It's a phone number like any other. Nothing special about it. It's located in South Dakota, USA.

I don't use Skype so I don't understand why you can't dial into a normal phone number with it. Why wouldn't it "offer" a certain prefix? Isn't Skype supposed to be VOIP?

Terry
  • #917
  • Jul 25, 2007 9:55am Jul 25, 2007 9:55am
Quoting fxchant
It's well-documented on these boards that they test new code in their demo environment, which brings it down from time to time. No impact on the live environment though.
That's a real comfort. I suggest that they test their code somewhere else.
It's real fun when you can't execute an order with no explanation or warning, by the way quotes seemed to work fine, they were moving, so I assumed that system was connected.
  • #918
  • Jul 25, 2007 4:15pm Jul 25, 2007 4:15pm
Quoting tesla
Yeah... that one had me stumped. I'm not Stephen Hawking smart but I'm pretty sure thats impossible. I'm guessing they were talking about more direct routing as opposed to magically teleporting data across the internet.
If would be great if there was something like GameRail [dot] com but not only for gamers. They claim to improve latency by as much as 80%. It's probably 90% marketing, but still...
  • #919
  • Jul 26, 2007 1:13am Jul 26, 2007 1:13am
Quoting zamans98
How is the webinar?

When can we expect the beta version of Omega? I want to test it.
Geez, you've been asking about this quite a bit, and you didn't even attend the webinar?
  • #920
  • Jul 26, 2007 1:19am Jul 26, 2007 1:19am
Overall I enjoyed the webinar. Lots of good information. However, it really wasn't focused on omega at all, very few specifics were given, and I felt a bit disappointed at the end that if this stuff is supposed to roll out so soon, why couldn't we get ONE screenshot? It really should have just been called "The History of Trading and Why ECNs Are the Way of the Future." Again, very informative, and I'm glad I was there.

Also, as far as mobile trading goes, it was mentioned that the ideal goal would be that anyone could use omega "from a mobile phone" to trade. So is this some mobile-web-based (WAP, or CWAP, as I call it) order system, without charts? If so, it will be nothing special. Hopefully this is not the case, as this would not be a mobile trading platform but rather just a mobile interface. I feel certain that such a hyped (granted, hyped by us mostly) platform will be much more than that. Looking forward to it.
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