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MB Trading Futures - Introduction

  • #2,441
  • Aug 20, 2008 8:28am Aug 20, 2008 8:28am
Justin, thank you for such a prompt responce!
Some exotics like singapour dollar, mexican peso, south african rand, russian ruble.
"Luxury is one of the basic needs", (c), Don Corleone
  • #2,442
  • Aug 20, 2008 9:16am Aug 20, 2008 9:16am
Quoting PhilipK
Thanks, so there is not a way of seeing "transactions" only, except for the color coding option in preferences that I still must play around with a bit?

and it is 10,000 lots, correct?

Justin

So it seems like there is no way to differentiate a trade from a bid or ask being posted? Not trades exclusively, just want a way to tell in the ticker what is a trade.

thanks
  • #2,443
  • Aug 20, 2008 10:20am Aug 20, 2008 10:20am
Hi Guys ~

Would anyone that runs fairly active EAs on MT4 please contact me either via e-mail or FF private.

Thank you,
  • #2,444
  • Aug 20, 2008 12:00pm Aug 20, 2008 12:00pm
Quoting PhilipK
Justin

So it seems like there is no way to differentiate a trade from a bid or ask being posted? Not trades exclusively, just want a way to tell in the ticker what is a trade.

thanks
Justin,

What is the lot size for your market depth.
  • #2,445
  • Aug 20, 2008 12:04pm Aug 20, 2008 12:04pm
Quoting PhilipK
Justin

So it seems like there is no way to differentiate a trade from a bid or ask being posted? Not trades exclusively, just want a way to tell in the ticker what is a trade.

thanks
Correct...all orders are anonymous for your benefit. It doesn't matter if the bid/ask is from one of our qualified destinations, a customer on the system or a combination of both. The execution is all the same.
  • #2,446
  • Aug 20, 2008 12:05pm Aug 20, 2008 12:05pm
Quoting fxtrader42
Justin,

What is the lot size for your market depth.
1 lot equals 1k.
  • #2,447
  • Aug 20, 2008 12:08pm Aug 20, 2008 12:08pm
Quoting Firstboss
Justin, thank you for such a prompt responce!
Some exotics like singapour dollar, mexican peso, south african rand, russian ruble.
I'll look into it for you, but I don't anticipate adding those pairs since the new Farm Bill passed requiring leverage to be at 25:1 on such exotics.
  • #2,448
  • Aug 20, 2008 12:10pm Aug 20, 2008 12:10pm
Quoting jleblang
1 lot equals 1k.
Does your demo show the same depth of market as a live account?
  • #2,449
  • Aug 20, 2008 12:15pm Aug 20, 2008 12:15pm
Quoting fxtrader42
Does your demo show the same depth of market as a live account?
While the qualified destination quotes are identical on both the Demo and Live platforms, client orders in the live environment obviously wont appear in the demo as they interact with different servers.

Keep in mind from past conversations, the levels being shown are only a portion of what is available as our partners are not required to display their full book.
  • #2,450
  • Aug 20, 2008 12:28pm Aug 20, 2008 12:28pm
Quoting jleblang
While the qualified destination quotes are identical on both the Demo and Live platforms, client orders in the live environment obviously wont appear in the demo as they interact with different servers.

Keep in mind from past conversations, the levels being shown are only a portion of what is available as our partners are not required to display their full book.
That is all understood
  • #2,451
  • Aug 20, 2008 1:28pm Aug 20, 2008 1:28pm
Quoting Firstboss
Some exotics like singapour dollar, mexican peso, south african rand, russian ruble.
Mexican peso is already supported, is it not?

Justin, the Brazilian real is on the top of my list. For whatever reason, it's very difficult to find this pair offered anywhere. MF UK has it on their Currenex, however margins are 30% (3:1).
  • #2,452
  • Aug 20, 2008 1:39pm Aug 20, 2008 1:39pm
Quoting jleblang
Correct...all orders are anonymous for your benefit. It doesn't matter if the bid/ask is from one of our qualified destinations, a customer on the system or a combination of both. The execution is all the same.

thanks Justin

I understand that what I see is anonymous, but I want to be clear, for forex, on how to see that a trade occured on the ticker
  • #2,453
  • Aug 20, 2008 1:47pm Aug 20, 2008 1:47pm
Quoting Trader KGB
Mexican peso is already supported, is it not?
Justin, the Brazilian real is on the top of my list. For whatever reason, it's very difficult to find this pair offered anywhere. MF UK has it on their Currenex, however margins are 30% (3:1).
Wow, TraderKGB, thanks for the hint This must be a new addition - mexican peso wasn't available when I opened my account, and I didn't get a memo :-)
"Luxury is one of the basic needs", (c), Don Corleone
  • #2,454
  • Aug 20, 2008 1:48pm Aug 20, 2008 1:48pm
Quoting jleblang
I'll look into it for you, but I don't anticipate adding those pairs since the new Farm Bill passed requiring leverage to be at 25:1 on such exotics.
Justin,

Where was the language on this? I've reviewed the forex section and didn't notice that stipulation..

http://agriculture.house.gov/inside/...onf/CRlang.pdf


Also, while on the subject of regulation, what's your take on this?

(7) prohibiting retail customers from acting as counterparties to each other in forex transactions.

It has come to the attention of the Division that some entities have offered trading plat-forms through which retail customers have traded forex directly with one another. These plat-forms are sometimes referred to as “matching systems.” To the extent that retail customers trading through one of these matching systems become counterparties to one another, the require-ment that the counterparty to a retail customer be one of the entities enumerated under Section 2(c)(2)(B)(ii) of the Act would not be met, thus, such transactions would violate Section 4(a) of the Act and/or Section 4c(b) and Regulation 32.11 thereunder. The fact that a firm operating such a trading platform is registered as an FCM, or is one of the other counterparties enumerated under the Act, would not be sufficient to meet the requirement under the Act that the counter-party to a retail customer be one of the regulated entities listed under Section 2(c)(2)(B)(ii) of the Act. CFTC source

That's from last year, I'm just curious if that had any effect on client orders being matched against each other on MBT's platform? Still possible?
  • #2,455
  • Aug 20, 2008 2:00pm Aug 20, 2008 2:00pm
Quoting PhilipK
thanks Justin

I understand that what I see is anonymous, but I want to be clear, for forex, on how to see that a trade occured on the ticker
Not sure where the misunderstanding is, but you can't see trades on the ticker or market depth window. You're only seeing bid/ask changing.
  • #2,456
  • Aug 20, 2008 3:28pm Aug 20, 2008 3:28pm
Quoting jleblang
Not sure where the misunderstanding is, but you can't see trades on the ticker or market depth window. You're only seeing bid/ask changing.
OK I just wanted to be 100% sure that I couldn't

Thanks very much
  • #2,457
  • Aug 20, 2008 3:50pm Aug 20, 2008 3:50pm
Quoting Trader KGB
Justin,

Where was the language on this? I've reviewed the forex section and didn't notice that stipulation..

http://agriculture.house.gov/inside/...onf/CRlang.pdf


Also, while on the subject of regulation, what's your take on this?

(7) prohibiting retail customers from acting as counterparties to each other in forex transactions.

It has come to the attention of the Division that some entities have offered trading plat-forms through which retail customers have traded forex directly with one another. These plat-forms are sometimes referred to as “matching systems.” To the extent that retail customers trading through one of these matching systems become counterparties to one another, the require-ment that the counterparty to a retail customer be one of the entities enumerated under Section 2(c)(2)(B)(ii) of the Act would not be met, thus, such transactions would violate Section 4(a) of the Act and/or Section 4c(b) and Regulation 32.11 thereunder. The fact that a firm operating such a trading platform is registered as an FCM, or is one of the other counterparties enumerated under the Act, would not be sufficient to meet the requirement under the Act that the counter-party to a retail customer be one of the regulated entities listed under Section 2(c)(2)(B)(ii) of the Act. CFTC source

That's from last year, I'm just curious if that had any effect on client orders being matched against each other on MBT's platform? Still possible?
Thats a great question and a question that I highly doubt will get a straight forward answer.
  • #2,458
  • Aug 20, 2008 4:56pm Aug 20, 2008 4:56pm
Quoting fxtrader42
Thats a great question and a question that I highly doubt will get a straight forward answer.
You'll get a straight forward answer..but more importantly an accurate answer which is why I am consulting my compliance department prior to responding.
  • #2,459
  • Aug 20, 2008 6:53pm Aug 20, 2008 6:53pm
appreciated justin!
  • #2,460
  • Aug 21, 2008 3:02am Aug 21, 2008 3:02am
Quoting Firstboss
Justin, thank you for such a prompt responce!
Some exotics like singapour dollar, mexican peso, south african rand, russian ruble.
... polish zloty, hungarian forint? ) some traders would accept 1:25. I would. They are good to trade. it's not a problem. and the ruble - i concurr, this will be more and more important currency since Russia is getting more and more wealthy and important (commodities) (whearas PLN and HUF will somewhere in the future (couple of years) be taken into the Euro Zone)...
-- just a simple trend follower
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