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MB Trading Futures - Introduction

  • #1,861
  • Mar 26, 2008 10:46am Mar 26, 2008 10:46am
average spreads for the last 21 hours...
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  • #1,862
  • Edited 3:46pm Mar 30, 2008 3:12pm | Edited 3:46pm
Something new on MBTrading's book...

Instead of TDFX the liquidity providers seem to be named. ALL may represent a "retail" order.
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  • #1,863
  • Mar 30, 2008 3:26pm Mar 30, 2008 3:26pm
Interesting

But i think the 2 mini lots named "EFX" is a client order.
  • #1,864
  • Mar 30, 2008 3:37pm Mar 30, 2008 3:37pm
... and now it is gone again!

It looked a bit buggy, anyways...
  • #1,865
  • Mar 31, 2008 12:42am Mar 31, 2008 12:42am
Quoting phy
Something new on MBTrading's book...

Instead of TDFX the liquidity providers seem to be named. ALL may represent a "retail" order.
Great find! Someone on the Sunday night team must've hit the "show banks" button by mistake.

I guess that partially answers fxtrader's question to Justin about MBT's partner banks/liquidity providers. Here's to hoping they accidentally show us a commissions-breakdown screen next, then we'll have all of our unanswered questions settled!
  • #1,866
  • Mar 31, 2008 6:22am Mar 31, 2008 6:22am
Haha...that's classic! Thanks phy; I love it!
  • #1,867
  • Mar 31, 2008 6:38am Mar 31, 2008 6:38am
Very interesting. As far as I understand, CRX is Currenex and ALL is FxAll, right? How come they appear here together with different banks? I thought currenex and fxall are just platforms, or do these names represent ECNs here?
  • #1,868
  • Mar 31, 2008 8:32am Mar 31, 2008 8:32am
Hi Everyone ~

Just to clear up the screenshot that was posted here by PNY: No, we are not in the process of beginning to show the banks that reflect in our system. Per my posts here over the last two weeks, nothing has changed. We respect the privacy of all participants in our system. In fact, while some of you might view this as a step we were taking to start showing that liquidity, the opposite was true. This was an error. As you know, the process of bringing our system on-line every Sunday requires connecting to a bunch of banks as they come on-line for the week. Unfortunately, this Sunday, a bug occurred when not enough participants were up and running very early. Therefore, with only some of the banks showing in the system, their IDs were displayed. This was corrected in about an hour of the opening once everyone came on line. It should not happen again.
  • #1,869
  • Mar 31, 2008 11:35am Mar 31, 2008 11:35am
Very nice catch Phy. I dont see why this is a bad thing for MB to show...does anyone else think it is a bad thing that they show liquidity providers?

Justin,

A bug occured? You mean someone forgot to do something before you went live... unless you are saying that if all or most of your banks arent online then the system defaults to show liquidity providers?
  • #1,870
  • Mar 31, 2008 11:43pm Mar 31, 2008 11:43pm
Quoting DrainBamage
Very interesting. As far as I understand, CRX is Currenex and ALL is FxAll, right? How come they appear here together with different banks? I thought currenex and fxall are just platforms, or do these names represent ECNs here?
Maybe this goes to what they've been saying all along. They have a ton of banks plus FXall and Currenex in their feeds, so they truly are compiling everything out there? If you think about it, it makes sense. As a general rules, would they want to disclose that they us FXAll in their platform if they did? It means they have the liquidity of all of the various platforms plus more of their own. Maybe this whole time, it was about protecting FXAll and Currenex as being part of their feeds?
  • #1,871
  • Apr 1, 2008 12:09am Apr 1, 2008 12:09am
Forgot to press the "hide banks" button! ROFL! Man what can I say. I love the internetz
  • #1,872
  • Edited 10:42pm Apr 3, 2008 10:16pm | Edited 10:42pm
Should I open account with MB trading or EFX? everything is fine except for the platform which is not so user friendly. All I need to know is how to take profit and stop loss andi would like to key in by pips. Another frustrating thing is the spread amount.. why cant just show the amount than show it in colours...I wanna see the exact amount.. it's really stupid...How is that? It's dumb question but still a question.
  • #1,873
  • Apr 4, 2008 7:37am Apr 4, 2008 7:37am
This is definitely a silly question, as I don't have plenty of experience in the spot forex........why people are complaining about 1 pip cost turnaround for scalpers???

is there anything cheaper??
Peace
  • #1,874
  • Apr 4, 2008 8:08am Apr 4, 2008 8:08am
Hi Guys ~

This probably won't interest everyone, but their might be a few out there that find this useful: http://forexfactory.com/news.php?do=news&id=79483

I hope everyone had a great week.
  • #1,875
  • Apr 4, 2008 9:49am Apr 4, 2008 9:49am
So ... has MB absorbed EFX? Do we just goto MB for our accounts now?
Same Whore .... Different Dress
  • #1,876
  • Apr 5, 2008 4:37pm Apr 5, 2008 4:37pm
Quoting jleblang
Richy ~

Keep in mind that we are regulated by several entities, including the NFA, but also the SEC and FINRA. It is our obligation to do two things that conflict with accepting credit cards or Paypal:

  1. Make sure, to the best of our knowledge, that customers aren’t borrowing money to trade. Obviously, using a CC is a pretty clear indication that the money is being borrowed.
  2. Abide by all Federal Money Laundering laws, which currently means that we cannot accept funds that don’t come from a like-name account, which rules out Paypal.

With the credit cards, there are also issues that are an offshoot of laundering. If you were using your credit card to put money into your account, are you making a purchase, or is that a cash advance?

So you are saying that Oanda is breaking Federal Money Laundering laws?
  • #1,877
  • Apr 5, 2008 5:00pm Apr 5, 2008 5:00pm
Quoting johnedoe
So ... has MB absorbed EFX? Do we just goto MB for our accounts now?
Hi Johnedoe ~

Yes, MB Trading and EFX have merged to become one. You may open your account directly at www.mbtrading.com/fx or retain any other relevant information through the MB Trading website.
  • #1,878
  • Apr 5, 2008 5:04pm Apr 5, 2008 5:04pm
Quoting scexglobal
So you are saying that Oanda is breaking Federal Money Laundering laws?
scexglobal - welcome to the thread.

I'm not making claims or comments about any other brokers; I'm only referring to MB Trading and our policies. MB, by the advice of our compliance department and suggestions from the NFA, chooses not to offer PayPal as a funding option.
  • #1,879
  • Apr 5, 2008 11:32pm Apr 5, 2008 11:32pm
One question Justin:

I read in an old post from you that it´s impossible to offer hedging because you are not a DD broker. But I see in hotspotfx this option to enable hedging and they are a true ECN. So, is it possible in some manner?

Thanks
  • #1,880
  • Apr 5, 2008 11:48pm Apr 5, 2008 11:48pm
Quoting jleblang
scexglobal - welcome to the thread.

I'm not making claims or comments about any other brokers; I'm only referring to MB Trading and our policies. MB, by the advice of our compliance department and suggestions from the NFA, chooses not to offer PayPal as a funding option.
I should have probably said, how is Oanda able to do this, while MBT can't.
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