MB Trading Futures - Introduction

Due to a boo-boo at Sunday opening a while back, the "bank names" were briefly listed instead of "TDFX" in the market depth windows.

See http://www.forexfactory.com/showpost...postcount=1862

Thanks , i know about it i saved this picture on my pc b4 1 month when i was reading through the thread , but this is not enough anyone can put symbols beside each order for few minutes , also this was b4 2 years , we dont know who is the liquidity providers now , plus i c only 3 banks and 2 platforms not 12 big banks .

Well, that's your idea that any claimed ECN-broker should disclose their LPs otherwise it's not. For me it's just a mechanism whether customer's trades are handled accordingly. Also there is no law or regulation ask ECN providers to do it, and it's neither deems as a common practice among trading industry.

And I don't push you to believe they are ECN, Do I? I just offer my opinion and a method how to tell whether it's ECN or not. Anyway, wish you find your favorite brokers.

P.S: About the equity and futures part, you may not understand what I said. But that's OK,cause I don't want to engage endless unfruitful discussion.


Regards,
zkf

When i said u cant push , i didnt mean u it is figure of speech only , i was talking about other guys who do so not u .

I understood the futures part , i know there is ecns , black pools , where u dont know how much the real size is and who is the real liquidity providers , but at the end u know u r dealing in an exchange with other parties , it is not the same here with MB . It is good that we can deal in MB against other trades , but i am talking about the liquidity we c , how we know it is a bank or MB .

3dforex llc aka MBT TECHNOLOGIES LLC , the ecn who MB deal with is now not a member of the NFA anymore

http://www.nfa.futures.org/basicnet/...tityid=0343046

http://www.3dforex.com/

I also plan using FIX.

$50 cost seems a very fair offer (especially as it seems one can offset it against commission).

The problem for me might be: I really want Historical data and to my current info this are not available through fix.

(but don't count on me - as I'm really new and my info are at present just what other traders told me - not anything officially)

At the moment I'm just looking into my options with FIX programming and get a bit familiar with Navigator (in a Virtual Windows).

MBT TECHNOLOGIES LLC

Business Address
11826 BRIGADOON DR
LAS VEGAS, NV 89141
UNITED STATES
310-647-4281

LOL.

A broker in Las Vegas? That inspires me much confidence... Maybe their true liquidity providers are... The casinos!

Hi Justin,

Were you guys also looking at an application for the iPhone?

sleepy

lol
this address is for MBT technologies which is not registered anymore

here the address for MB trading

http://www.nfa.futures.org/basicnet/...d=0315389&rn=Y

What the heck is up with the smear campaign? Addresses? You guys are reaching for straws. Let's at least try to stick with valid concerns.

Is the market depth of the Nav demo like the Nav real?
If I see 500 lots, are they real?

msc,

Yes, we can link your Equity and Forex account to one username so that you may toggle between accounts once logged in.

I used Oanda for four months. Horrible fills, pure desk. Quit the nonsense.

During the installation process of Desktop Pro you'll be prompted with a message requesting permission to uninstall the MBT Desktop (Navigator). It is not required, but strongly recommend.

I salute you for working for a large defense contractor, that explains why they always go way over the budget . Let's not talk about dinosaurs and technology here as it's not the forum for it.
I can say this: I actually do work in this industry and we trade everything from futures to equities and most of my friends work in this industry and guess what, .NET is used a lot more often than you think with fantastic results.

lol i didnt know u own the forums
I dont have time for u , u cant accept someone have diffrent view about some broker , seems to me u dont understand the market not me , if banks rates can be crossed and not matched then y we dont c negative spreads on Futures and equities or oil , thats funny really . If it happens from time to time due to platform issues then its ok but dont tell me this is the market that is a pure joke ...

That's because those are all on central exchanges that execute them. Very basic. Trader 101.

I am talking about real money.

Good Luck

Forex is not traded in a central exchange does this mean we can c negative spreads normally ?! How the market moves then ? ok guys GS quote cable 1.6011/1.6012 i will quote 1.6001/1.6002 ! , anyway negative spreads is not the main issue , our issue is how we know we r not trading aginst MB , simple question needs a simple answer .

Tar,

This is getting a little bit ridiculous, and if you continue to push, I’m going to have to request that you be removed or frozen out of these boards. It’s clear that you have an agenda to try to smear MB Trading. I’m going to take your points one at a time. These are OUR answers. It’s clear that on some of these points, you disagree. The simple answer is that we don’t need to change ourselves for you because we have an entire business model that works for us, our clients, and our banks. The idea that we’re going to throw it all down the drain to help someone on a board gain inner peace is not likely to happen.

1) Regarding who the banks in our system are. As PHY pointed out and you admit that you saw, there was an issue about two years ago at Sunday startup where some of the liquidity providers in our system were displayed. Not all banks were connected at the time (they come on-line over the course of the first hour of trading Sunday). We had it fixed in about 20 minutes. It did cause us some issues with our providers because they are guaranteed anonymity based on their contracts with us, so I’m not even going to address who is in the list that people saw, although it should be obvious in some cases. This alone already proves that we have multiple liquidity providers in our system. Are they the same ones today? Probably not. In fact, there would be more now than then. So to continue to suggest that somehow MBT is the bank or desk when you have proof that we have liquidity providers in the system and when you know that we instantly post all limits instead of holding them is simply an untrue smear. Now, you can have your opinion about whether we should say who our liquidity providers are. We have ours. We aren’t going to change ours. I can tell you that our agreements in some cases prevent us from doing so, and I’d rather have those liquidity providers than not. But here’s the simple answer. If you are for whatever mistaken reason not comfortable because we don’t list our providers, there is one easy answer. You don't have to trade with us. That makes any further post by you moot and simply designed to smear us. I happen to prefer Coke over Pepsi. I don’t get on the Pepsi boards and ask them what they put in their sugar. I drink Coke.

2) Banks in our system do not hit other banks. They only provide their quotes and liquidity to us so that we can send orders to them for our customers. Therefore, given the number of banks in our system, it is not uncommon in a fast market for banks to cross their quotes (thus creating the negative spread). This is nothing but a positive for our customers. Even though it is usually short lived, the REAL complaint in FOREX is that quotes go WIDE on news. So-called “negative spreads” have nothing but positive associated with them for a trader on an ECN. Period.

3) Remember that the phrase ECN has ZERO to do with liquidity providers. We are an STP/ECN system. The STP part means that we have liquidity providers and pass your orders straight to them. The ECN part means that we openly display our retail customer orders and you can hit them as another retail customer. That is what an ECN is. Technically, a firm could be a deal desk and ECN, which means that they allow their customers to display limit orders, but the firm takes all other orders themselves. A firm could also be an STP only firm, which means that they route to outside destinations, but don’t allow customer orders to interact. WE DO BOTH. You can test the ECN stuff by placing a limit order. You know that we are STP by the screenshot referenced in #1 above. That is our model. That is why people choose us. I would argue that just about no other brokers do all of that. Our model includes anonymity for all participants. If that isn’t a model for FOREX trading that interests you, then this conversation is already over. No need to continue posting over nothing (sips Coke).

4) I’m looking at these addresses you posted, and I totally don’t see the point. There are divisions of our company (remember, MB Trading also trades Stocks, Futures, and Options) that are based in LV for tax benefit purposes. Is that a bad thing suddenly? Isn’t that what businesses do? Has nothing to do with our liquidity providers, and as you (somewhat) corrected yourself, our FCM is registered in California, which is where our base of operations is.

Tar, either there is a significant communication issue here with you or you are just here to slander us. We’re very open and honest about our business model and why we think it is beneficial for traders. We have a lot of people that agree. If you don’t, make another choice, but in terms of trying “raise red flags,” it will need to stop now.