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EBS Feed + MT4!

  • #1
  • First Post: Sep 18, 2008 8:46am Sep 18, 2008 8:46am
Greetings everyone

I am currently setting up an EBS feed (for those who don't know who or what EBS is, it's the biggest Interbank dealing platform today, now owned by ICAP) for MT4, but I am looking for other people who might be interested as well to join me, in order to bring down the overall cost.

Please let me know if you are interested, and of course, any questions with regards to this please list in this thread.

My best
  • #2
  • Sep 18, 2008 12:46pm Sep 18, 2008 12:46pm
Interesting idea.. Do you already have EBS feed through a PB? Last I heard, subscription rates were around $20k/month.
  • #3
  • Sep 18, 2008 12:48pm Sep 18, 2008 12:48pm
Why not just use CQG. Its a better piece of software and probably cheaper than MT4 licence and ICap API. They offer EBS data too.
  • #4
  • Sep 18, 2008 12:50pm Sep 18, 2008 12:50pm
Trader KGB:

CQG has the EBS feed. I am using a company who can bridge CQG's data into MT4 via an API.
  • #5
  • Sep 18, 2008 2:36pm Sep 18, 2008 2:36pm
Quoting Trader613
Trader KGB:

CQG has the EBS feed. I am using a company who can bridge CQG's data into MT4 via an API.
So are you trading via an FCM through CQG? If so, which one? FCStone supports CQG, but they're the ones that told me about the $20k/month client subscription fee for EBS.
  • #6
  • Sep 19, 2008 3:59am Sep 19, 2008 3:59am
Quoting Trader KGB
So are you trading via an FCM through CQG? If so, which one? FCStone supports CQG, but they're the ones that told me about the $20k/month client subscription fee for EBS.
TraderKGB:

I only use MT4 for the charting facility, as in my opinion, MT4 puts any TA platform out there in shadow including CQG's and Bloomberg's TA instruments.

I only trade manually, so no algorithm/EA trading and I use an ECN broker to execute my trades.

Up until now, I had the problem of trying to 'match up' Market Maker feeds (who use MT4, apart from ATC now which uses Hot Spot, but in my opinion HS's feed is nowhere near as clean as the EBS's one, for obvious reasons) with my ECN platform's pricing.

So this idea of using EBS in conjunction with MT4, is only good for traders who enjoy and appreciate the facility of extreme good charting, (ie. the none plus ultra Fibonacci studies in MT4) combined with an absolute 'accurate', clean and reliable feed; EBS only feeds/paints actually dealt prices on their broker platform.

My best.
  • #7
  • Sep 19, 2008 4:49am Sep 19, 2008 4:49am
Quoting Trader613
TraderKGB:

I only use MT4 for the charting facility, as in my opinion, MT4 puts any TA platform out there in shadow including CQG's and Bloomberg's TA instruments.

I only trade manually, so no algorithm/EA trading and I use an ECN broker to execute my trades.

Up until now, I had the problem of trying to 'match up' Market Maker feeds (who use MT4, apart from ATC now which uses Hot Spot, but in my opinion HS's feed is nowhere near as clean as the EBS's one, for obvious reasons) with my ECN platform's pricing.
We're in the exact same boat, I could've written that myself.

I've tested every demo MT4 server, and there is one in particular that aligns pretty much exactly to my ECN feed. I have QuoteTracker running directly off the ECN feed on the 2nd monitor, visual comparison is 99% pip for pip. I could PM to you the name if you're interested (it's not the HS feed).

Quote
So this idea of using EBS in conjunction with MT4, is only good for traders who enjoy and appreciate the facility of extreme good charting, (ie. the none plus ultra Fibonacci studies in MT4) combined with an absolute 'accurate', clean and reliable feed; EBS only feeds/paints actually dealt prices on their broker platform.
This is an interesting idea. I take it the company with the API has their own MetaServer liscense. Do you know offhand what they charge for the service, and also the charge for the EBS feed via CQG?

fwiw, I'm testing the GTIS feed via eSignal currently, and I'm a bit dismayed at the data discrepancy between the ~200 banks encompassed in that feed and my ECN feeds. Ex: GTIS is showing an average spread of 3-4 on EUR/USD currently, while ECNs are showing just under 1. If the EBS feed in any way resembled the GTIS feed, it wouldn't be of much value to me. At the end of the day, if the spreads/data didn't align with your ECN (even if they're more "official"), is the endeavor still worthwhile?
  • #8
  • Edited 10:48am Sep 19, 2008 6:34am | Edited 10:48am
TraderKGB:

I have given up on testing MT4 demo servers, I for the mean time use the Hot Spot one.

Quote
I take it the company with the API has their own MetaServer license. Do you know offhand what they charge for the service, and also the charge for the EBS feed via CQG?
Correct, they have their own MetaServer license, but up until now, they only have a ready bridge available for ESignal, and not EBS/CQG.

If I am not mistaken, they charge for the ESignal bridge about $500 p.m.

The charges for CQG package alone, are over $700 p.m. So all in all, you are looking at over $1000 per month for having this EBS/MT4 solution available.

As far as being correctly informed, GTIS and EBS feeds are of a completely different nature and are also two completely different entities all together.

The main difference as far as I have learned, please correct me if I am wrong, EBS prints only actually dealt prices between the EBS network participants. Any other available feed ie. ESignal or GTIS, will also print/feed best bids and offers, thus making the charts not as accurate, mainly speaking when printing high/lows. (This should be particularly important should one trade the lower TF's)

EBS, in my opinion, has/is something special, no doubt about it.

Further, I would like to add, that even if in the end of the day the spreads/data will not align with mine/your ECN price data, I definitely believe that it is 100% worthwhile to endeavour in such, simply for one reason:

You will be able to see, and have the ability to be in the same environment as every other single Interbank or PTC trader out there world wide, and that's for sure a fine thing!

My best.
  • #9
  • Sep 19, 2008 11:04am Sep 19, 2008 11:04am
TraderKGB: I have PM you, thank you.
  • #10
  • Sep 19, 2008 2:18pm Sep 19, 2008 2:18pm
Quoting Trader613
please correct me if I am wrong, EBS prints only actually dealt prices between the EBS network participants.
That sounds likely, but I can't confirm.

Check your PMs.
  • #11
  • Sep 20, 2008 12:46pm Sep 20, 2008 12:46pm
I used EBS prices on CQG for a short period and CQG is able to print the bid, offer and last done prices. The last done prices are the one that you're talking about Trader KGB. I like it much more than showing bid/offer.
  • #12
  • Sep 21, 2008 8:37am Sep 21, 2008 8:37am
Quote
I used EBS prices on CQG for a short period and CQG is able to print the bid, offer and last done prices. The last done prices are the one that you're talking about Trader KGB. I like it much more than showing bid/offer.
Thank you for confirming this fact!

By the way: I have now received a first quotation for programming the API to run EBS's feed on MT4; The cost for setting this up will run into the thousands, so to anyone wanting to participate in this project:

Now is the time to come forward and signal interest please!

For those members not wanting to post in a public forum, should please PM me. Thank you all!
  • #13
  • Nov 26, 2008 12:55am Nov 26, 2008 12:55am
Trader KGB

Quote
I've tested every demo MT4 server, and there is one in particular that aligns pretty much exactly to my ECN feed. I have QuoteTracker running directly off the ECN feed on the 2nd monitor, visual comparison is 99% pip for pip. I could PM to you the name if you're interested (it's not the HS feed).

I just open a small account with MBT. I found that data accuracy and quality didnt match with all free demo chart from MT4 Alpari, CMS VT and Oanda Java chart.

I download QuoteTracker but couldnt connect to MBT feed, Can you tell me how to solve this
  • #14
  • Nov 26, 2008 1:09am Nov 26, 2008 1:09am
Quoting torroray
I download QuoteTracker but couldnt connect to MBT feed, Can you tell me how to solve this
Select "EFX Group Real-Time STREAMING (Customers Only)" for the quotes server.
  • #15
  • Nov 26, 2008 6:22am Nov 26, 2008 6:22am
Trader KGB,

You said this particular demo MT4 server thats pretty close to your ECN data feed.

Can you tell which one?
  • #16
  • Nov 26, 2008 7:45pm Nov 26, 2008 7:45pm
Quoting JodyOng
I used EBS prices on CQG for a short period and CQG is able to print the bid, offer and last done prices. The last done prices are the one that you're talking about Trader KGB. I like it much more than showing bid/offer.
The disadvantage of using trades only is that there are far fewer trades than quotes, and you might go for a long time without seeing an update to the trade stream, while the market in reality has moved away.

I am up currently on the EBS test environment, but will soon go live on their production servers. So far I have found that I will have to filter the quotes because there are frequent "spikes" as participants temporarily drop out of the market.

As far as the $20K/month price goes, EBS itself is not that much. But when you add in the additional cost of T1 lines, colo fees, etc. you could be looking at that much. On the other hand, if your volume is sufficient, you may save enough on commissions to pay for it.
  • #17
  • Dec 6, 2009 12:59am Dec 6, 2009 12:59am
Trader KGB, if you catch this message would you be so kind as to PM the name of the most reliable broker for clean data.

Thank You


Quoting Trader KGB
We're in the exact same boat, I could've written that myself....
  • #18
  • Dec 6, 2009 11:44am Dec 6, 2009 11:44am
Have you compared EBS data feed to ECN broker data feed? What is the difference as far as charts are concerned?
  • #19
  • Jun 21, 2010 7:04pm Jun 21, 2010 7:04pm
Hi Trader613!

I have been busting my behind off this last week to find a way or some broker that can offer the ICAP EBS Ticker spot FX data for retailers, but my results until now has been a dead end. FX Solutions claim they got EBS data for their MT4, which they do, but when speeking to a ICAP representative he told me that their solution does not give one the true data feed to your charts as in the EBS Ticker spot FX data which the big banks and institutions get. I have also compared CQG data with FX Solutions and they show relatively very different charts. So out the window with FX Solutions.

One interesting note is that the ICAP representative told me that CQG also was in about the same situation as FX Solutions and that they did not show the real EBS Ticker feed either. He explained me pretty thoroughly and also told me that many of the different companies are misusing the EBS label and are therefore giving a false picture. So out of the window with CQG too. It ended with him recommending me London Capital Group which acctually offer the true EBS Ticker spot FX, but then again; Minimum 10 Lots per trade for the beginner. Thomson Reuters also provide the EBS Ticker product, but I have not received any answer from them yet.

To get to my question. Did you eventually find a solution or provider with real EBS Ticker spot FX data?

Thanks,
Laurus12
  • #20
  • Jul 5, 2010 12:34pm Jul 5, 2010 12:34pm
Laurus12, I'm afraid. MT4 is MT4 and always will/might stay MT4. Period.
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