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MB Trading Futures - Introduction

  • #6,241
  • Jan 25, 2011 9:53am Jan 25, 2011 9:53am
http://www.mbtrading.com/pricing.aspx
  • #6,242
  • Jan 25, 2011 9:54am Jan 25, 2011 9:54am
WOW just got the twitter message and read
the news, HUGE! So we get paid for trading with MB for limit orders... Nice!
  • #6,243
  • Jan 25, 2011 9:55am Jan 25, 2011 9:55am
MB Trading continues to lead the market with innovations that continue to lower the costs to trade this great market.

Way to go !!!
  • #6,244
  • Jan 25, 2011 9:56am Jan 25, 2011 9:56am
Quoting tar
they will pay us for our limit orders .........
Yes, it's true, we pay 1.95 per 100k for Limit orders that execute, here's a video of it in action on YouTube
  • #6,245
  • Jan 25, 2011 9:56am Jan 25, 2011 9:56am
Quoting hamlet
WOW just got the twitter message and read
the news, HUGE! So we get paid for trading with MB for limit orders... Nice!
Holy guacamole, that is big. Most of my trades I exit with a limit. That's a pretty big swing from paying $2.95 to getting $1.95 for me.
  • #6,246
  • Jan 25, 2011 10:00am Jan 25, 2011 10:00am
Can you post the tweet? I dont see it on the page.

Sounds good.

P.S. nvm, just found the link
  • #6,247
  • Jan 25, 2011 10:03am Jan 25, 2011 10:03am
Hi Justin,

My understanding is that a server based takeprofit is also a limit order. Can you confirm that this will also pay the $1.95 per $100k. That would imply that if I make a $100k trade and it closes out at TP, my total trade cost is $1.00(2.95 - 1.95) as opposed to $5.90?

Thanks

Kenny
  • #6,248
  • Jan 25, 2011 10:05am Jan 25, 2011 10:05am
Quoting fiberangel
We get rebates (or at least free transaction) for making (being first on the bid/offer) the market? That would be revolutionary in retail space and reflect what institutions enjoy.
Wow, I guess I was right about something . This is HUGE (not the fact that I was right, but rebates for making the market).
  • #6,249
  • Jan 25, 2011 10:06am Jan 25, 2011 10:06am
Quoting fiberangel
Wow, I guess I was right about something . This is HUGE (not the fact that I was right, but rebates for making the market).
this what i thought 2 but i didnt think they will pay us
  • #6,250
  • Jan 25, 2011 10:07am Jan 25, 2011 10:07am
Quoting fiberangel
Wow, I guess I was right about something . This is HUGE (not the fact that I was right, but rebates for making the market).
Yes...you were definitely thinking the right way
  • #6,251
  • Jan 25, 2011 10:10am Jan 25, 2011 10:10am
Quoting kennyhubbard
Hi Justin,

My understanding is that a server based takeprofit is also a limit order. Can you confirm that this will also pay the $1.95 per $100k. That would imply that if I make a $100k trade and it closes out at TP, my total trade cost is $1.00(2.95 - 1.95) as opposed to $5.90?

Thanks

Kenny
Yes, if you use the MT4 platform and enter a trade at the market and then close with a Take Profit, your math is correct. Also, if you entered with a Pending Limit and then have a Take Profit, you would get paid both ways.
  • #6,252
  • Jan 25, 2011 10:16am Jan 25, 2011 10:16am
is this for MT4 only ?
  • #6,253
  • Jan 25, 2011 10:16am Jan 25, 2011 10:16am
Justin: are there volume breaks for price makers as well - like there are for price takers already?
  • #6,254
  • Jan 25, 2011 10:18am Jan 25, 2011 10:18am
"The term "Payment for Limit Order" refers to a non-market order which is not immediately executable and rests on the internal limit order book for some period of time, thus adding liquidity when another order of equal or greater value fills with the resting order"

what about partial fills ?
  • #6,255
  • Jan 25, 2011 10:20am Jan 25, 2011 10:20am
Quoting jleblang
Yes, if you use the MT4 platform and enter a trade at the market and then close with a Take Profit, your math is correct. Also, if you entered with a Pending Limit and then have a Take Profit, you would get paid both ways.
Justin, that is awesome. Well done to MB Trading for being ahead of the pack!

Can you tell me when this goes into effect?

Thanks
  • #6,256
  • Jan 25, 2011 10:21am Jan 25, 2011 10:21am
Quoting shrike
Justin: are there volume breaks for price makers as well - like there are for price takers already?
No. We feel 1.95 is very generous and went right to our limit from the get go.
  • #6,257
  • Jan 25, 2011 10:25am Jan 25, 2011 10:25am
Quoting kennyhubbard
Justin, that is awesome. Well done to MB Trading for being ahead of the pack!

Can you tell me when this goes into effect?

Thanks
Thanks Kenny,

This launches to all clients at the FX market open on Sunday, January 30, 2011.

Here is the press release: http://ow.ly/3JZZS
  • #6,258
  • Jan 25, 2011 10:27am Jan 25, 2011 10:27am
Quoting tar
is this for MT4 only ?
Tar, no, it is for any software platform that connects to us, including MT4 and Desktop on our end.
  • #6,259
  • Jan 25, 2011 10:27am Jan 25, 2011 10:27am
Quoting tar
"The term "Payment for Limit Order" refers to a non-market order which is not immediately executable and rests on the internal limit order book for some period of time, thus adding liquidity when another order of equal or greater value fills with the resting order"

what about partial fills ?
Tar,

Partial or not doesn’t matter. The only thing that matters is whether you posted a Limit order up. Any piece or total of that order that gets filled, you get paid.
  • #6,260
  • Jan 25, 2011 10:30am Jan 25, 2011 10:30am
Quoting kennyhubbard
Justin, that is awesome. Well done to MB Trading for being ahead of the pack!

Can you tell me when this goes into effect?

Thanks
Justin, this is really quite amazing. I've wondered for a while why MBT didn't do something like this to showcase your technology. I don't think there are many other brokers that COULD do this, much less would want to. This really shows that you guys are what you have always said. It should bring you guys into the limelight where you belong.
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