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MB Trading Futures - Introduction

  • #2,581
  • Oct 7, 2008 12:41pm Oct 7, 2008 12:41pm
Justin,

Any news on the historical data/backfilling?
  • #2,582
  • Oct 7, 2008 3:11pm Oct 7, 2008 3:11pm
Quoting Trader KGB
Justin,

Any news on the historical data/backfilling?
Trader KGB ~

What did you need the data for?
  • #2,583
  • Oct 7, 2008 3:33pm Oct 7, 2008 3:33pm
Quoting jleblang
Trader KGB ~

What did you need the data for?
Backfilling QuoteTracker.
  • #2,584
  • Oct 7, 2008 3:58pm Oct 7, 2008 3:58pm
Quoting Trader KGB
Backfilling QuoteTracker.
If you use the MBT Navigator SDK, historical data is available, but not for FIX. That is coming.
  • #2,585
  • Oct 7, 2008 5:10pm Oct 7, 2008 5:10pm
Quoting jleblang
If you use the MBT Navigator SDK, historical data is available, but not for FIX. That is coming.
How many days of intraday data are available?
  • #2,586
  • Oct 8, 2008 11:48am Oct 8, 2008 11:48am
Quoting Trader KGB
How many days of intraday data are available?
We supply 10 to 30 days max history. For min bars, one year and for day bars, ten years.

This may change and is by no means concrete moving forward in the future.

We are very much still in the testing stages of our data and collecting.
  • #2,587
  • Oct 8, 2008 11:56am Oct 8, 2008 11:56am
I am using this via API to feed history/realtime data to Neoticker. It works pretty reliable. Beats IBs api by miles.

Now if they could just cut their fees by 50%..
  • #2,588
  • Oct 8, 2008 1:42pm Oct 8, 2008 1:42pm
You guys have been beating HotSpot on spreads throughout this mess, and especially so today, when you'd think liquidity would have done some improving all around. Cheers MB!
  • #2,589
  • Oct 9, 2008 2:08am Oct 9, 2008 2:08am
hey justin will the spreads for eur/usd which was 1 pip or 1.5 now be 2 it doesnt get lesser than tht????
  • #2,590
  • Oct 10, 2008 12:30am Oct 10, 2008 12:30am
Hi Justin,

Does EFX have something like compensation scheme, like FCS in the UK?
Can I open a live account, and then open another account without applying from the start again?
  • #2,591
  • Oct 10, 2008 9:37am Oct 10, 2008 9:37am
Quoting fxinvesta
Hi Justin,

Does EFX have something like compensation scheme, like FCS in the UK?
Can I open a live account, and then open another account without applying from the start again?
Hello fxinvesta ~

I'm not familiar with FCS's compensation 'scheme', can you please share an example of what you are looking for?

Yes, you can open an additional account, but you will be required to fill out a separate one page form.
  • #2,592
  • Oct 10, 2008 10:00am Oct 10, 2008 10:00am
Quoting bksujal
hey justin will the spreads for eur/usd which was 1 pip or 1.5 now be 2 it doesnt get lesser than tht????
There is a lot of volatility in the markets right now and just like you protect yourself by lowing risk, the banks who provide liquidity for brokers are doing the same, therefore we are seeing spreads wider then normal. As mentioned above by other FF members, we still feel considering everything that has been happening, our execution and spreads have are out-performing our competitors.
  • #2,593
  • Oct 11, 2008 4:17am Oct 11, 2008 4:17am
Hi Justin,

I have just opened a live account with MBTF.
Does MBT Navigator support automated trading?
How do I write the program, do I need a third party tool?
If I use Ninja Trader, can I do all the trading from this software, without having to open MBT Navigator?
  • #2,594
  • Oct 12, 2008 1:55am Oct 12, 2008 1:55am
Hi All,

I wonder if any of you notice for the past few weeks or rather the past few months that MBT spread is very large ???

Refer to the attached diagram, I have been closely monitoring the MBT quote, for the past few months their quotation had turn from bad to worst. Less talking about the recent economy turmoil but even before that their quotation have already been sucks.

If you include their spread with the commission they charged you will be surprise how high the total cost turned out to be. With this kind of large spread it is impossible to trade at all!!!

Someone even told me that MBT had switch to samller banks for lower charge, and this caused the spread to be large!!!

Despite this problem the MBT services is still good and attend to customers query.

just my honest comments here.

Note: This screen shot is just a typical qoute MBT had, I saw something worst than that. If their spread continue to behave like that I have no choice but to switch to other brokers.
Attached Image (click to enlarge)
Click to Enlarge Name: spread.JPG Size: 42 KB
  • #2,595
  • Oct 12, 2008 3:46am Oct 12, 2008 3:46am
Quoting yyc196
Hi All,

I wonder if any of you notice for the past few weeks or rather the past few months that MBT spread is very large ???
I routinely have an MBT quote panel up alongside both IB's feed and a Currenex feed. Rarely do the quotes differ to a noticeable extent between any of them, mainly due to the commonality of liquidity providers across all 3 venues.

The spread widening is market driven, due to the extremely heightened volatility (and loss of Lehman).

If that screenshot is from Friday, I'm not surprised. Friday was easily the absolute worst I've ever seen in terms of spreads during active market hours (again, across all 3 venues I use). I'm not sure how fixed-spread dealing desks are handling this, but I'd consider any spreads tighter than what the ECNs are showing to be a complete ruse.
  • #2,596
  • Oct 12, 2008 3:53am Oct 12, 2008 3:53am
the volatility is the reason for the wider spreads. if however these larger spreads remain after this credit mess is over i will be taking my business some place else. until then ill give them the benefit of doubt. i do however wish they would build in some resiliance into their platform, just a week or 2 ago i didnt have the platform available for trading for a couple of hours... other than that they are a good broker...
  • #2,597
  • Edited 5:12am Oct 12, 2008 5:02am | Edited 5:12am
Thanks for the reply, the quote I have taken was on last Tuesday (7th Oct 2008).

Follow after that I have watch the quote closely and realized that MBT spread is very very large in during active hours.

I can further prove it by capturing 2 typical srceen shot on the MBT quote every day for next week to let those who are interested to know how bad the situation was. I do understand that MBT is a good broker that give good customers services but their spread are totally unacceptable for trading. A few of my close traders friend had the same comments and they have decided to open a new account on other brokers while keep MBT live account to monitor further.

As for IB, they have a live quote on their web sites and it should not be difficult to compare spread with MBT on real time basis!!! I can screen shot it and prove it further!

I have observed this large spread problem long time ago before I bring up this issue. As a season market player I totally agree with the ECN concept of brokering, they are not those market maker that go around sucking innocent blood, however if the ECN broker cannot not manage their business well(as for this case) you can realize that the amount of risk when using ECN is about the same as those normal brokers.

Quoting Trader KGB
I routinely have an MBT quote panel up alongside both IB's feed and a Currenex feed. Rarely do the quotes differ to a noticeable extent between any of them, mainly due to the commonality of liquidity providers across all 3 venues.

The spread widening is market driven, due to the extremely heightened volatility (and loss of Lehman).

If that screenshot is from Friday, I'm not surprised. Friday was easily the absolute worst I've ever seen in terms of spreads during active market hours (again, across all 3 venues I use). I'm not sure how fixed-spread dealing desks are handling this, but I'd consider any spreads tighter than what the ECNs are showing to be a complete ruse.
  • #2,598
  • Oct 12, 2008 5:15am Oct 12, 2008 5:15am
Quoting yyc196
Thanks for the reply, the quote I have taken was on last Tuesday (7th Oct 2008).

Follow after that I have watch the quote closely and realized that MBT spread is very very large in during active hours.

I can further prove it by capturing 2 typical srceen shot on the MBT quote every day for next week to let those who are interested to know how bad the situation was. I do understand that MBT is a good broker that give good customers services but their spread are totally unacceptable for trading. A few of my close traders friend had the same comments and they have decided to open a new account on other brokers while keep MBT live account to monitor further.

I have observed this large spread problem long time ago before I bring up this issue.
Well all I can say is what I'm seeing on MBT is nearly identical to what I'm seeing on two different ECNs (as well as HotSpot FXr from what I've heard).

Quote
however if the ECN broker cannot not manage their business well(as for this case) you can realize that the amount of risk when using ECN is about the same as those normal brokers.
If you're solely talking about spreads, then you're misinterpreting brokerage risk with market risk. The spread widening is a market phenomena and MBT is playing no part in it (nor is IB, HS, etc).
  • #2,599
  • Oct 12, 2008 6:14am Oct 12, 2008 6:14am
One must learn how forex works. It is the liquidity providers and traders who place buy/sell orders on the ECN. It is not the broker. MB Trading can't control or influence the spread.
  • #2,600
  • Oct 12, 2008 11:07am Oct 12, 2008 11:07am
Other ECN broker like Hotspot or IB had the nearly same "bad" spreads.

It's a current market problem.
ForexFactory SUCKS.
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