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MB Trading Futures - Introduction

  • #6,161
  • Jan 9, 2011 3:56pm Jan 9, 2011 3:56pm
Quoting tar
The futures industry wants MB's market share ?! what ? FX clients money at MB = 33 M $ only ...

They want all OTC FX.... MB's market share and every other OTC's....
  • #6,162
  • Jan 9, 2011 4:24pm Jan 9, 2011 4:24pm
Quoting Crassius
They want all OTC FX.... MB's market share and every other OTC's....
The FX retail market is only a very small piece of the whole FX otc spot market , it is a huge market , they simply cant have it for themselves , banks should be able to buy and sell currencies between each other and to clients , it is not CME's decision or CFTC's ...
  • #6,163
  • Jan 9, 2011 4:30pm Jan 9, 2011 4:30pm
My guess for the 25th is the web based platform that will allow you to trade from any computer.
  • #6,164
  • Jan 9, 2011 4:41pm Jan 9, 2011 4:41pm
Quoting tar
The futures industry wants MB's market share ?! what ? FX clients money at MB = 33 M $ only ...
Come on, you know better what he meant. The futures industry wants the market share of US retail FX brokers, of which, MB is one.
  • #6,165
  • Jan 9, 2011 6:29pm Jan 9, 2011 6:29pm
I tried to make some gap trades today at market open, which should be 5pm Eastern time. For at least nine minutes, I got "No Connection" whenever I tried to place a trade. This, despite the fact that prices were moving on my charts, at least sporadically.

Does anyone have any experience about when the servers can reliably first be traded on week opening? I'd like to do some gap trading, but it looks like it may not be possible with MBTrading?
  • #6,166
  • Jan 9, 2011 9:11pm Jan 9, 2011 9:11pm
Quoting duffypratt
I tried to make some gap trades today at market open, which should be 5pm Eastern time. For at least nine minutes, I got "No Connection" whenever I tried to place a trade. This, despite the fact that prices were moving on my charts, at least sporadically.

Does anyone have any experience about when the servers can reliably first be traded on week opening? I'd like to do some gap trading, but it looks like it may not be possible with MBTrading?
A lot of the global banks don't actually come up right at 5 pm EST. MB requires a certain number of their LPs to be active before they allow live trading so that there are no bad wide fills.
  • #6,167
  • Jan 9, 2011 10:10pm Jan 9, 2011 10:10pm
jleblang,
when is pamm will be available on mt4 platform?
  • #6,168
  • Jan 9, 2011 11:31pm Jan 9, 2011 11:31pm
Quoting tar
In fact because of the CFTC new leverage i am considering US brokers more now !
No one has ever forced you or anyone else to overleverage their account. You can open an account with a broker with 500-1 leverage and you may well want to open your positions at 10-1 leverage only. So your statement does not make much sense as you always had the option of trading at whatever leverage you wished up to the maximum allowed by your broker with or without CFTC.
  • #6,169
  • Jan 10, 2011 12:16am Jan 10, 2011 12:16am
Quoting IndyTrader
A lot of the global banks don't actually come up right at 5 pm EST. MB requires a certain number of their LPs to be active before they allow live trading so that there are no bad wide fills.
Thanks for the explanation. I guess the market makers that promptly open are doing it because they can cover both sides with their own volume, or hedge later? Anyway, your explanation makes sense. And that means I will have to do something else if I want to do quick gap trades. Life's full of trade offs.
  • #6,170
  • Jan 10, 2011 1:32am Jan 10, 2011 1:32am
Quoting duffypratt
Thanks for the explanation. I guess the market makers that promptly open are doing it because they can cover both sides with their own volume, or hedge later? Anyway, your explanation makes sense. And that means I will have to do something else if I want to do quick gap trades. Life's full of trade offs.
There are no gaps in forex. It's just that MB is closed over the weekend. You are seeing the difference from when they close on Friday to where the price actually is when they open on Sunday.
  • #6,171
  • Jan 10, 2011 2:09am Jan 10, 2011 2:09am
Quoting PipStar
No one has ever forced you or anyone else to overleverage their account. You can open an account with a broker with 500-1 leverage and you may well want to open your positions at 10-1 leverage only. So your statement does not make much sense as you always had the option of trading at whatever leverage you wished up to the maximum allowed by your broker with or without CFTC.
I tell u the truth , i really started to consider US brokers now ...
  • #6,172
  • Jan 10, 2011 3:05am Jan 10, 2011 3:05am
Quoting jleblang
Ricx,

Not through the US office, but once we launch our European branch in the coming months; as a non-us resident you'll be able to trade with 100:1.
that is really great news i wait for it please announce in emails when its ready to accept new accounts, or... maybe i just migrate my US account to european branch, if i can do that that would be simplier
  • #6,173
  • Jan 10, 2011 7:49am Jan 10, 2011 7:49am
BTW , what has happened to the web trading, its not on the Mbt website anymore
  • #6,174
  • Jan 10, 2011 10:09am Jan 10, 2011 10:09am
Quoting duffypratt
Thanks for the explanation. I guess the market makers that promptly open are doing it because they can cover both sides with their own volume, or hedge later? Anyway, your explanation makes sense. And that means I will have to do something else if I want to do quick gap trades. Life's full of trade offs.
Yup.
  • #6,175
  • Jan 10, 2011 10:10am Jan 10, 2011 10:10am
Quoting mdiz2
There are no gaps in forex. It's just that MB is closed over the weekend. You are seeing the difference from when they close on Friday to where the price actually is when they open on Sunday.
What, there's a broker that stays open all weekend when the banks stop providing liquidity? That sounds safe.
  • #6,176
  • Jan 10, 2011 11:11am Jan 10, 2011 11:11am
Quoting aicccia
Justin,

Hello, I have two questions:

1) Is it true that MB Trading supports Multicharts?

2) I've heard accounts can be denominated in currencies other than USD. Is this true? If it is, how does this work and what other currencies can the account be denominated in?

Thank you for your time.
aicccia,

1. Yes, MB Trading supports Multicharts.

2. We support USD, EUR and GBP denominated accounts for Desktop Pro accounts and USD and EUR for MT4 accounts. You can select your denomination during the account opening process.
  • #6,177
  • Jan 10, 2011 11:20am Jan 10, 2011 11:20am
Hi Justin,
I wanted to ask if there are any plans to introduce Binary Options through MBT?

I have been with MBT for a while now and am very impressed with the platform and execution. Keep up the good work!

-A
  • #6,178
  • Edited 3:26am Jan 11, 2011 3:10am | Edited 3:26am
Quoting IndyTrader
What, there's a broker that stays open all weekend when the banks stop providing liquidity? That sounds safe.
I don't believe there are retail brokers that have the information. If you have the money and trade a large enough volume you could get a comercial bank feed and you could see the price when retail brokers are closed. Do a search on FF for Cloggie, he has it and talks about the easy pips to be made on sundays before the retail feeds are going. I guess Wellington is open before our charts are going. All major banks have offices in each major market.
  • #6,179
  • Jan 11, 2011 4:31am Jan 11, 2011 4:31am
Quoting jleblang
aicccia,

1. Yes, MB Trading supports Multicharts.

2. We support USD, EUR and GBP denominated accounts for Desktop Pro accounts and USD and EUR for MT4 accounts. You can select your denomination during the account opening process.
I see...so if I wanted to use Multicharts I'd have to use a USD denominated account?
  • #6,180
  • Jan 11, 2011 9:52am Jan 11, 2011 9:52am
Will the new web 2.0 have charts?
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