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MB Trading Futures - Introduction

  • #4,741
  • Jan 20, 2010 3:09pm Jan 20, 2010 3:09pm
Group:

I wanted to let everyone know that there have been some small, but important changes to our website today, which include a new header and the renaming of several of our trading platforms.

Here is a quick overview of those platforms:

MBT Desktop Pro (formerly Navigator Pro): Our latest software release now available for download and live trading. This fully customizable platform offers significant enhancements, while retaining all of the order types and account management systems of the original MBT Desktop.

MBT Desktop (formerly MBT Navigator): MB Trading’s original award winning software which now includes integrated charting, advanced options analysis and trade entry, and daily research options.

MBT Web (formerly Nav Web): Coming to public beta shortly, the MBT Web will allow customers to access their accounts with the browser of their choice and bypass restrictive firewalls.

MBT Mobile: Currently in private beta, MBT Mobile will offer customers the ability to choose from WAP-based technology that runs on any Smartphone or a Blackberry Bold direct application.

You can read more about any of our platforms by visiting: Trading Platforms
  • #4,742
  • Jan 20, 2010 3:51pm Jan 20, 2010 3:51pm
Quoting wannatradefx
Trad3r-

He already answered this question. The bank is not acting as a market maker against you since your order might not come back to them on an ECN system when you close it. Please grasp this basic concept so we can stop hearing from you.

A true ECN should be anonymous to all parties.
MB is not considered as a real ECN untill they disclose their liquidity providers , i dont mean in the market of depth window beside each size no this can stay anonymous , what i mean is we should know who is the liquidity providers in general , otherwise there is no any proof or guarantee that MB is an ECN .
  • #4,743
  • Jan 20, 2010 4:43pm Jan 20, 2010 4:43pm
Hi Justin,

Could you explain MB Trading's relationship with TD Securities a little bit? I know you're an ECN and use STP technology, but your data feed comes straight through TDFX on my eSignal platform (I presume TDFX is TD Securities). Is this a liquidity provider? Can I choose which liquidity provider I route my order to if you have multiple ones?
  • #4,744
  • Jan 20, 2010 5:05pm Jan 20, 2010 5:05pm
Quoting tar
MB is not considered as a real ECN untill they disclose their liquidity providers , i dont mean in the market of depth window beside each size no this can stay anonymous , what i mean is we should know who is the liquidity providers in general , otherwise there is no any proof or guarantee that MB is an ECN .
That is absolutely crap. You don't even understand the terminology. The only thing that matters for an ECN platform is that your orders are posted and reflected to others on the ECN directly. Half of these idiot brokers running around spouting the phrase ECN don't even do that, but if they tell you that JP Morgan is giving them quotes, that makes you happy. Seriously, I have seen ignorant comments on these boards, but I think that one might take the cake. Your version of an ECN is not about technology or how it makes things better for a trader or how the platform works, but whether or not they tell you who is on the platform. WHAT A JOKE. EPIC FAIL. I'm guessing you've never even traded with MB to know all of these things.

It's very simple.

EURUSD quote = 1.5000 by 1.5001. I place a limit buy at 1.50005. The bid moves immediately to 1.50005. Sometimes I get filled without the ask moving, sometimes I get filled when the ask moves down to my price.

That is an ECN. Done.
  • #4,745
  • Jan 20, 2010 5:12pm Jan 20, 2010 5:12pm
Quoting Lionstrike
Hi Justin,

Could you explain MB Trading's relationship with TD Securities a little bit? I know you're an ECN and use STP technology, but your data feed comes straight through TDFX on my eSignal platform (I presume TDFX is TD Securities). Is this a liquidity provider? Can I choose which liquidity provider I route my order to if you have multiple ones?
Lionstrike,

TD is for TDFX, the ECN that handles all of the trades and routes orders to our various providers.
  • #4,746
  • Jan 20, 2010 5:13pm Jan 20, 2010 5:13pm
Quoting wannatradefx
That is absolutely crap. You don't even understand the terminology. The only thing that matters for an ECN platform is that your orders are posted and reflected to others on the ECN directly. Half of these idiot brokers running around spouting the phrase ECN don't even do that, but if they tell you that JP Morgan is giving them quotes, that makes you happy. Seriously, I have seen ignorant comments on these boards, but I think that one might take the cake. Your version of an ECN is not about technology or how it makes things better for a trader or...
True.
  • #4,747
  • Jan 20, 2010 5:15pm Jan 20, 2010 5:15pm
Justin,

I'm using Navigator now.

Do I have to uninstall Navigator if I want to use Desktop Pro
  • #4,748
  • Jan 20, 2010 5:19pm Jan 20, 2010 5:19pm
Quoting M_j
Thanks redpine,

Always good hearing from people who have been trading for sometime.

* I'm also not particularly interested in com - as I'm mainly a Linux...
I'm guessing the demo platform is used by the developers for testing. It is very unstable. My favorite time was the day testing on the demo platform I got what ever price I asked for. This is one thing I really hate about MB. You can't seriously test a system before trading.

Dan
.
  • #4,749
  • Jan 20, 2010 5:24pm Jan 20, 2010 5:24pm
Quoting shrike
The SDK is not unstable at all - i got a project running 24/6 since ages, without any troubles. Its also very well documented and supported through the yahoo SDK group.

Linux/Unix users have to work with FIX, which they offer as well.
I never said the SDK was unstable, just windows and COM are unstable. I have linux systems I haven't had to reboot in months. Windows requires a reboot every week.

Also, the SDK is stuck on Visual studio 6.0. Using End of Life products is just plain bad.

And last, I looked into FIX, I'd rather use it, but I thought that I had to have a $100,000 live account to use FIX.

Dan
.
  • #4,750
  • Edited 5:40pm Jan 20, 2010 5:27pm | Edited 5:40pm
Quoting jleblang
Lionstrike,

TD is for TDFX, the ECN that handles all of the trades and routes orders to our various providers.
thanks... I just found a post of yours from about a year ago where you discuss this.

http://www.forexfactory.com/showthread.php?t=5904

I also want to add it is certainly a benefit, imho, to have access to the real market and not an artificial one. I have some experience trading stocks and futures, so I have a bit of insight into how one can interact with real prices in a real market. Perhaps some of these larger brokerages that create an artificial market and make money on the spread are reputable, but nevertheless I can't understand why someone would want to trade in an artificial market. So, kudos to MB Trading for offering this type of market access to small retail traders.
  • #4,751
  • Jan 20, 2010 5:30pm Jan 20, 2010 5:30pm
Quoting fiberangel
I must be doing something wrong then because my ATS has been up and running for over a year with no problems. The only problems that I encounter are with my trading logic , NOT with MBT SDK.
.NET suffers from the same problems as any other platform/environment/language: people who don't know what they are doing.
Don't need to insult me. I've been developing systems for 30 years. I'm currently a software architect for a large defense contractor in the area of aviation. No way will windows ever be used in a system that need to be robust and reliable. Maybe it's you that don't know what your doing.
.
  • #4,752
  • Jan 20, 2010 5:33pm Jan 20, 2010 5:33pm
Quoting M_j
http://www.forexfactory.com/showthre...73#post3204073
Larseg-

We used to have two maintenance periods, one at 00:00 and one at 17:00 EST. About four months ago, we ended the 00:00 maintenance and moved it to match the 17:00 settlement one, so there is no longer a 00:00 shutdown period, which was in the middle of core European trading. [i]

However, the 17:00 period is a settlement timeframe for banks in the Interbank system. They all shut down. Only a deal desk platform would continue operating during that small...

Good that you brought my old question to MBT up again (maintenance periods) because I have a solution to it all.

1. Use Oanda, they are never down. If I want to close my trade saturday morning at 03:00 I can close it.

2. Yes, it is not an ECN but a dealing desk, but hey! I have been using Oanda for about 4 months now and I have to say I love the dealing desk. Most of the time I have actually been able to exit with a better deal!!


I will give MBT 5/10
and Oanda 8.5/10

(because the chart is not perfect, you have to use another MT4 demo acc.
for charting....


Cheers,
  • #4,753
  • Jan 20, 2010 6:53pm Jan 20, 2010 6:53pm
Quoting redpine
I never said the SDK was unstable, just windows and COM are unstable. I have linux systems I haven't had to reboot in months. Windows requires a reboot every week.

Also, the SDK is stuck on Visual studio 6.0. Using End of Life products is just plain bad.

And last, I looked into FIX, I'd rather use it, but I thought that I had to have a $100,000 live account to use FIX.

Dan
You said: " I gave up trading with the SDK, because they're too unstable." Well, then you are doing something wrong. I have no trouble at all staying connected.

Also, the SDK isn't stuck on VB6, you can use any COM-compliant language, including the latest .net/visualstudios. Or c++, or Delphi, or what have you.

Lastly, i'm unsure why you would need a 100K account for FIX access, if you produce $50 commissions per month, its free, otherwise you pay the difference. I would have thought a 5-year customer would have browsed their website, at some point..
  • #4,754
  • Jan 20, 2010 8:36pm Jan 20, 2010 8:36pm
In Navigator Pro can you switch between equity and forex accounts?
  • #4,755
  • Jan 20, 2010 11:12pm Jan 20, 2010 11:12pm
Quoting wannatradefx
That is absolutely crap. You don't even understand the terminology. The only thing that matters for an ECN platform is that your orders are posted and reflected to others on the ECN directly. Half of these idiot brokers running around spouting the phrase ECN don't even do that, but if they tell you that JP Morgan is giving them quotes, that makes you happy. Seriously, I have seen ignorant comments on these boards, but I think that one might take the cake. Your version of an ECN is not about technology or how it makes things better for a trader or...
Who u think yourself to talk like this ! it is easy to say crap and sh** and idiots but it is difficult to give reasonable cmments and your proof , as i said b4 i am trying the demo only and i dont have live account with them , i know i can trade with other clients and i can put my limit orders to be shown in the market of depth as the best bid or offer but this is not what i mean , what i mean is where is the proof that this liquidity we c in the platform is from banks and "Big banks " not MB itself , what is the proof ? u mentioned other brokers who dont let u trade with other clients and they claim that they r an ecn , i agree with u they r not an ecn utill they let clients to put their limit orders as the best bid or offer and they diclose their liquidity providers as well , but even if MB let us trade against other clients which is good that is not a proof that the liquidity we c in the market of depth is from banks . Years on this thread and u guys think we r idiots , give us your liquidity providers and stop moving around our question ! . Especially we all know that there is suspecious things in MB trading let us think maybe they r not an ECN , first the micro lots ( 1000 units ) which big bank allow such trades ? second the negative spread !!!!! which is **** . I hope MB is an real ecn i will not be sad if i know this , but i want the proof .
NO PROOF = NOT A REAL ECN
  • #4,756
  • Jan 20, 2010 11:34pm Jan 20, 2010 11:34pm
Quoting tar
second the negative spread !!!!! which is **** . I hope MB is an real ecn i will not be sad if i know this , but i want the proof .
NO PROOF = NOT A REAL ECN
Negative spread is a reality in an ECN environment. I've also seen negative spread in currenex.
  • #4,757
  • Jan 20, 2010 11:53pm Jan 20, 2010 11:53pm
Quoting Arya323
Negative spread is a reality in an ECN environment. I've also seen negative spread in currenex.
Ok if it happens from time to time for a few seconds only its ok i said this b4 , but not in major economic firgures , anyway there is negative spreads or not the important question is who is the liquidity providers for MB and what is the proof ? i dont want answer here only in the thread , i want a fully disclosed information in MB's website .
  • #4,758
  • Jan 21, 2010 12:01am Jan 21, 2010 12:01am
Quoting Arya323
Negative spread is a reality in an ECN environment. I've also seen negative spread in currenex.
BTW , if u r talking about professionals ECN then this should not happen cuz banks will get crossed and in that case banks trades against banks , but anyway we didnt reach this degree yet with small ECNs
  • #4,759
  • Jan 21, 2010 12:29am Jan 21, 2010 12:29am
to tar:

Hi,Dude, ECN's definition is clearly stated by professionals. If you take time to Google or wiki, you will find the reality and the question whether MBTF is true ECN willl be answerd.

Regarding the liquidity providers, some ECNs disclosed it while others choose not disclose, this is not only for Forex but Equity,Futures trading industry also have this kind practice and it's enormous.

So take some time to use Google to find what you want, otherwise it's just matter of wasting time for both parties.

regards,
zkf
  • #4,760
  • Jan 21, 2010 12:49am Jan 21, 2010 12:49am
Quoting Zkf
to tar:

Hi,Dude, ECN's definition is clearly stated by professionals. If you take time to Google or wiki, you will find the reality and the question whether MBTF is true ECN willl be answerd.

Regarding the liquidity providers, some ECNs disclosed it while others choose not disclose, this is not only for Forex but Equity,Futures trading industry also have this kind practice and it's enormous.

So take some time to use Google to find what you want, otherwise it's just matter of wasting time for both parties.

regards,
zkf
Hey mate

I know what an ECN is , and i know i can trade agianst other clients with MB , and i know i can be the best bid or / and offer in MB's depth of market , i want to know how we know that this liquidity we c in MB's book is a bank or it is MB itself ? Maybe they r banks yeah but maybe not , i am not asking MB to put bank ID beside each order size , only i want MB to fully disclouse the banks they r trading with otherwise MB will stay as "maybe " they r market makers "maybe "they r an ECN who deals with big banks or "maybe "they r an ECN who deals with small banks .
Futures and equities is diffrent cuz there is a regulated exchange where u can trade futures and stocks and u can c the depth of market and "time and sales " and u can have a physical stock certificate for your stocks trades for example , forex has no exchange and because of this u cant trust any broker says we r an ECN , ofcourse at this stage its up to u , u can deal with them no harm but dont push everybody to believe that they r an ECn and they deal with 12 " big banks " . I didnt waste anybody time here , this question has been asked many times for years here and no answer .

Good luck in your trading
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