MB Trading Futures - Introduction | Page 74 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Introduction and trading basics 27 replies

Introduction to Level 2 4 replies

VTTrader: How to Write Your Own VT Indicator Introduction. 0 replies

Interest Rates: An Introduction 0 replies

An introduction to spread betting 0 replies

Attachments: MB Trading Futures - Introduction
Exit Attachments

MB Trading Futures - Introduction

  • #1,461
  • Dec 5, 2007 10:20am Dec 5, 2007 10:20am
Quoting fxdm1
Is it just me or does the new navigator not allow more than one FX Board any more. In the last version I had 3 running!
fxdm1 ~

I hadn't tried until I read your post, but this seems to be accurate, you can no longer have multiple FXBoards in the Navigator.

However, with EFX Remote Trader you will be able to have multiple currency boards, I have personal set up three; 1) Majors 2) Cross Pairs 3) Exotics. It’s a small feature, but its help me keep my OC brain happy.
  • #1,462
  • Dec 5, 2007 11:15am Dec 5, 2007 11:15am
I have noticed that you can still have multiple watchlists on the new navigator which does do the same thing as multiple FX Boards. That will have to suffice until Remote Trader is on general release.
  • #1,463
  • Dec 5, 2007 9:50pm Dec 5, 2007 9:50pm
Quoting jamesanderson
While this is mostly true in forex I find your answer rather self-serving as you try to make the word market-maker appear somehow devious. Here is another explanation for market maker: http://www.investopedia.com/terms/m/marketmaker.asp
The Investopedia definition deals with the stock market and not Forex, as I'm sure you're aware.

The fact is that Justin's definition is very accurate in Forex, as most retail brokers are Market Makers, not ECN's. That means that, since customer orders are not put directly through to the market, and customers can not see the true market price that the broker sees, the prices we trade with are artificial.

If you don't think Market Makers manipulate those prices, I invite you to read the multitude of posts on Forex Factory alone indicating stop hunting, mysterious spikes, etc. that last just long enough to cause traders to lose their money. Then, just as suddenly, the prices are back to "normal".

If that's not manipulation then I don't know what is.

You will not experience such practices when using a true ECN such as EFX, since we see the prices that they see and our orders are put directly through to the market.
  • #1,464
  • Dec 6, 2007 1:42pm Dec 6, 2007 1:42pm
why talk about your new platform and you can't get a demo for it.
If I Go Broke Trying Then I Will die happy.
  • #1,465
  • Dec 7, 2007 7:09am Dec 7, 2007 7:09am
Hi jleblang!

I have a question concerning order execution speed. Do you have servers in Europe for European customers? I live in London, so if you have servers only in USA, then the delay can be severe just because of the distance and big slippages possible? I know that slippages occur anyway, but distance increases the chances a lot, am I right?

Thanks
  • #1,466
  • Dec 7, 2007 7:41am Dec 7, 2007 7:41am
I doubt they have server outside of the United States. But the Remote trader platform will use the Akamai technologies for increased speed , performance and reliability from anywhere even outside the United States.

http://www.akamai.com/
  • #1,467
  • Dec 7, 2007 9:25am Dec 7, 2007 9:25am
Quoting DrainBamage
Hi jleblang!

I have a question concerning order execution speed. Do you have servers in Europe for European customers? I live in London, so if you have servers only in USA, then the delay can be severe just because of the distance and big slippages possible? I know that slippages occur anyway, but distance increases the chances a lot, am I right?

Thanks
how many ms is the ping from the US to EFX servers? How much from london?
  • #1,468
  • Dec 7, 2007 9:47am Dec 7, 2007 9:47am
Quoting phil90
I doubt they have server outside of the United States. But the Remote trader platform will use the Akamai technologies for increased speed , performance and reliability from anywhere even outside the United States.

http://www.akamai.com/
Hi Phil,

I was reading how akamai works on wikipedia and it seems to be mostly just caching...

so how does this help forex traders? Since the price is always changing, and people are asking about transatlantic speeds... how can this help? Price is being updated all the time, so can't be cached... at least not the times when you actually need fast access...

what am I missing?
  • #1,469
  • Dec 7, 2007 10:08am Dec 7, 2007 10:08am
Totally agreed. How can I check the delay to EFX servers in ms?

According to akamai's website, delay from london to east coast of the USA, using their technology, is about 80ms, thats close to 0.1 sec, and, in case servers are on the West coast , delay will be even bigger and can become a real issue

Quoting ycomp
Hi Phil,

I was reading how akamai works on wikipedia and it seems to be mostly just caching...

so how does this help forex traders? Since the price is always changing, and people are asking about transatlantic speeds... how can this help? Price is being updated all the time, so can't be cached... at least not the times when you actually need fast access...

what am I missing?
  • #1,470
  • Dec 7, 2007 10:41am Dec 7, 2007 10:41am
The Akamai technology will help global speeds but of course there is always some latency the further you go. It doesn’t make the connection a direct pipe to your house, but it will help jump to global crossing points faster. If you think of the US as a series of routers, a connection from LA to London might go through 5-10 routers to get to NY to hop the Atlantic (or to get to Australia, the routing is quite bizarre, for example). We’ll hop out of the country a little faster instead of traveling across the country, but distance is still distance. Of course, orders that you have placed sit on our servers, so you have no delay in execution with those.

Keep this in mind, though. Initially, our auto-trading/scripting software solution will require that your scripts be held on your machine (which many people prefer anyway for privacy concerns). However, after that, we will be adding server-side scripting, which means that your scripts will run for your account on our servers, so no delay in execution there.
  • #1,471
  • Dec 7, 2007 10:50am Dec 7, 2007 10:50am
Quoting Moe
why talk about your new platform and you can't get a demo for it.
when can we test this new platform.
If I Go Broke Trying Then I Will die happy.
  • #1,472
  • Dec 7, 2007 10:57am Dec 7, 2007 10:57am
Quoting Moe
when can we test this new platform.
When the first phase comes out of beta, live users will be able to use it. We're wrapping up all technical and legal issues right now with it.

BTW - thanks for your comments on the other thread
  • #1,473
  • Dec 7, 2007 11:37am Dec 7, 2007 11:37am
Thanks for reply!!!


Quoting jleblang
The Akamai technology will help global speeds but of course there is always some latency the further you go. It doesn’t make the connection a direct pipe to your house, but it will help jump to global crossing points faster. If you think of the US as a series of routers, a connection from LA to London might go through 5-10 routers to get to NY to hop the Atlantic (or to get to Australia, the routing is quite bizarre, for example). We’ll hop out of the country a little faster instead of traveling across the country, but distance is still distance. Of course, orders that you have placed sit on our servers, so you have no delay in execution with those.

Keep this in mind, though. Initially, our auto-trading/scripting software solution will require that your scripts be held on your machine (which many people prefer anyway for privacy concerns). However, after that, we will be adding server-side scripting, which means that your scripts will run for your account on our servers, so no delay in execution there.
  • #1,474
  • Dec 7, 2007 1:25pm Dec 7, 2007 1:25pm
will the new software have a way to test ping speeds through your akamai routing?

would it make a big difference where the customer is? like could trading from vacation in Thailand be slower than say, Europe? this is all very fascinating stuff
  • #1,475
  • Dec 7, 2007 1:36pm Dec 7, 2007 1:36pm
Quoting ycomp
will the new software have a way to test ping speeds through your akamai routing?

would it make a big difference where the customer is? like could trading from vacation in Thailand be slower than say, Europe? this is all very fascinating stuff
The new software actually shows your ping at all times right on the platform itself.
  • #1,476
  • Dec 7, 2007 2:47pm Dec 7, 2007 2:47pm
I notice that the newest financial data for FCM's is now posted on the CFTC's website. And MBT has sunk to $3,233,155. As a client of EFX this worries me considering that the new cap. requirements(5mil.) go into effect in two weeks. I realize that these numbers are as of Oct 31, but if capitalization wasn't an issue why put your customers through having to guess if you have it or not. Just put up the money and be done with it. Makes you wonder????? A response would be great Justin.
  • #1,477
  • Dec 7, 2007 3:23pm Dec 7, 2007 3:23pm
Good question Phil008 - I agree. I mean although these figures are a little old there is no way for you to know that they now have more/enough. I mean, there is no proof. You could take their word for it but thats a little risky. I mean it is your money. I would at least consider withdrawing my funds until I knew for sure that they will be ok and then you can always refund your account. That way you won't be one of those people who can't get to their money if and when sh*t hits the fan. The again, why at all trade with a firm where you have to worry about this stuff? There really has to be an alternative you'd be happy with.
  • #1,478
  • Dec 7, 2007 3:44pm Dec 7, 2007 3:44pm
Quoting phil008
I notice that the newest financial data for FCM's is now posted on the CFTC's website. And MBT has sunk to $3,233,155. As a client of EFX this worries me considering that the new cap. requirements(5mil.) go into effect in two weeks. I realize that these numbers are as of Oct 31, but if capitalization wasn't an issue why put your customers through having to guess if you have it or not. Just put up the money and be done with it. Makes you wonder????? A response would be great Justin.
Hi everyone ~

Public misinformation continues. Under the old net capital calculations, brokers were required to take haircuts for a variety of customer position sizes, etc., at the end of each month. For example, at the end of October, MBTF took $2.8 million in haircuts against valuation and still showed a $3.2 million adjusted net cap. In the prior month of September, haircuts were much less, and they showed a $5.1 million adjusted net cap.

If you take the time to read the NFA’s reports, the new filings will not require haircuts to be taken as the requirement is substantially higher for all FCMs. Therefore, even if we didn’t add anything to our current accounts for net cap purposes, we easily meet the requirement at this time come December 21. You can safely assume that we will easily be above $5 million and closer to $6 million once the calculations switch to the new format. We feel extremely comfortable with that number given our business model.

As just a side note (trying to say something in defense of other brokers here…mostly in reference to the post that just went up from ForexTraderMan), I just wanted to bring up something that has been discussed in depth on another thread on these boards. There is an erroneous belief out there in the public that firms that don’t have $5 million come December 21 will not only have to shut their doors, but their customers will lose all of their funds. The two are not related directly. If a firm doesn’t have $5 million to show for net cap by that date, they will be closed after a warning letter from the NFA and a chance to correct the situation. Customer funds would be returned. If they don’t have the customer funds available because they were co-mingling their funds with customer funds, then it didn’t really matter in the first place what the requirement was, and frankly, it really doesn’t matter how big or small they are. This is the reason that a handful of firms haven’t been concerned for the last few months. They know that the haircuts on the calculations will cease, so they may already be over $5 million even showing what they show now. Customer funds shouldn’t be an issue unless the firm is doing something inappropriate to start, which isn’t solved by raising the net cap requirements necessarily.
  • #1,479
  • Dec 7, 2007 5:57pm Dec 7, 2007 5:57pm
Quoting jleblang
The Akamai technology will help global speeds but of course there is always some latency the further you go. It doesn’t make the connection a direct pipe to your house, but it will help jump to global crossing points faster. If you think of the US as a series of routers, a connection from LA to London might go through 5-10 routers to get to NY to hop the Atlantic (or to get to Australia, the routing is quite bizarre, for example). We’ll hop out of the country a little faster instead of traveling across the country, but distance is still distance. Of course, orders that you have placed sit on our servers, so you have no delay in execution with those.

Keep this in mind, though. Initially, our auto-trading/scripting software solution will require that your scripts be held on your machine (which many people prefer anyway for privacy concerns). However, after that, we will be adding server-side scripting, which means that your scripts will run for your account on our servers, so no delay in execution there.
I'm guessing you guys house your main equipment in California given my tracert to an EFX server (which I picked up from netstat on my PC).

tayser@gateway:~$ tracert 216.52.236.18
traceroute to 216.52.236.18 (216.52.236.18), 30 hops max, 40 byte packets
1 nexthop.vic.ii.net (203.55.229.88) 18.592 ms 18.557 ms 18.525 ms
2 gi1-1.mel-pipe-bdr1.ii.net (203.215.6.2) 18.451 ms 18.784 ms 18.218 ms
3 gi0-15-1-3.syd-ult-core1.ii.net (203.215.20.12) 33.829 ms 33.615 ms 34.952 ms
4 202.139.19.33 (202.139.19.33) 35.318 ms 35.259 ms 35.323 ms
5 203.208.191.157 (203.208.191.157) 191.552 ms 191.960 ms 191.809 ms
6 208.50.13.185 (208.50.13.185) 193.959 ms 192.891 ms 192.182 ms
7 INTERNAP.gi3-18.ar4.LAX1.gblx.net (64.215.28.150) 193.304 ms 193.758 ms 194.426 ms
8 border7.ge2-0-bbnet1.ocy.pnap.net (216.52.96.9) 191.715 ms 190.595 ms 193.679 ms
9 mbtrading-8.border7.ocy.pnap.net (216.52.107.78) 193.803 ms 193.398 ms 193.482 ms

FYI: that's Melbourne-Sydney-Southern California (pretty much the most / only(!) direct route to the US).

Locating stuff in California is probably the best of both worlds: only 60ms to the East Coast, probably about 150ms from Europe via the East Coast & Atlantic and another 150ms into Asia via Guam/Japan.

Justin correct me if I'm wrong (and I hope I am!) however Akami will speed up the quotes for each pair (so theoretically I could picking quotes up from an Akamai farm in Australia (which my ISP is one of the main AU hosts) at 20-30ms), but we still need to throw our orders to a central server in LA/Southern California (190-200ms for me), or?
  • #1,480
  • Dec 8, 2007 12:59am Dec 8, 2007 12:59am
i like what mb/efx got going, there's only one problem i have with them and it's a big problem beacuse it limits my order entry, problem is you guys take out margin on pending order's, would this change with the new platform?
If I Go Broke Trying Then I Will die happy.
4 traders viewing now