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MB Trading Futures - Introduction

  • #8,841
  • Jan 17, 2012 6:24pm Jan 17, 2012 6:24pm
Quoting ilove
Many thanks Justin. I can confirm that execution and report-back time of my last two orders (after 17:00 roll-over) were normal without any noticeable delay.
Agreed. I just tested all four environments and everything seems clear again. Nice work MBT.
  • #8,842
  • Jan 17, 2012 9:27pm Jan 17, 2012 9:27pm
Quoting jleblang
All,

As of rollover today, we believe the recent trade issues reported here are fixed. We’d like to thank everyone who sent us detailed trade information, because only a certain few were affected, the information provided was very useful.

If for any reason you feel that you’re still experiencing problems, please send me an email to justin @mbtrading.com. Please include the environment you are trading (Pay for Limits DEMO/LIVE or FREE EXN DEMO/LIVE), and also include your order ID and four letter ID.
Nice work Justin. I did about 100 trades in the last hour on PFL Live and no issues at all. Much much better.
  • #8,843
  • Jan 18, 2012 4:12am Jan 18, 2012 4:12am
EU spread spike in last 10min.
Attached Images
  • #8,844
  • Jan 18, 2012 5:40am Jan 18, 2012 5:40am
So far so good here too.
  • #8,845
  • Jan 18, 2012 6:24am Jan 18, 2012 6:24am
Quoting distantpulse
So far so good here too.
It only last for a fraction of second. You wont notice it if you did not look at the tick chart.
  • #8,846
  • Jan 18, 2012 6:26am Jan 18, 2012 6:26am
Quoting ForexQuant
EU spread spike in last 10min.
Here's my best guess at this time.

MBT changed something with the quote feeds. I've been watching the tick chart this morning (using Quote API). There are no more negative spreads. Usually negative spreads happen all the time. But this morning, they never happen.

I think these spikes you are seeing are a result of this change to the quote feeds when negative spreads occur.

Justin, I'd really like an official explanation why crossed prices don't happen anymore. Does each quote still indicate the best ask and best bid at a given time?
  • #8,847
  • Jan 18, 2012 7:28am Jan 18, 2012 7:28am
Quoting zznbrm
Here's my best guess at this time.

MBT changed something with the quote feeds. I've been watching the tick chart this morning (using Quote API). There are no more negative spreads. Usually negative spreads happen all the time. But this morning, they never happen.

I think these spikes you are seeing are a result of this change to the quote feeds when negative spreads occur.

Justin, I'd really like an official explanation why crossed prices don't happen anymore. Does each quote still indicate the best ask and best bid at a given time?...
I think you could be right. I didnt notice any cross quote this week. btw did you see any spread spike?
  • #8,848
  • Jan 18, 2012 8:36am Jan 18, 2012 8:36am
Quoting zznbrm
Here's my best guess at this time.

MBT changed something with the quote feeds. I've been watching the tick chart this morning (using Quote API). There are no more negative spreads. Usually negative spreads happen all the time. But this morning, they never happen.

I think these spikes you are seeing are a result of this change to the quote feeds when negative spreads occur.

Justin, I'd really like an official explanation why crossed prices don't happen anymore. Does each quote still indicate the best ask and best bid at a given time?
Sounds plausible to me... when we previously would have crossed quotes, I am seeing the spread widen to 5, 6 or 8 pips and stall.... I don't like this change.
  • #8,849
  • Jan 18, 2012 9:41am Jan 18, 2012 9:41am
Quoting zznbrm
Here's my best guess at this time.

MBT changed something with the quote feeds. I've been watching the tick chart this morning (using Quote API). There are no more negative spreads. Usually negative spreads happen all the time. But this morning, they never happen.

I think these spikes you are seeing are a result of this change to the quote feeds when negative spreads occur.

Justin, I'd really like an official explanation why crossed prices don't happen anymore. Does each quote still indicate the best ask and best bid at a given time?...

Zznbrm,

Crossed spreads are typically the result of a bank that is updating too slowly, and they cause issues because they are rarely hittable. We have been working with the banks to update their systems to prevent this and also removing certain feeds that may have been laggy so that execution will be faster.

You should all be seeing faster executions now than the last few days and weeks.
  • #8,850
  • Jan 18, 2012 9:41am Jan 18, 2012 9:41am
Quoting ForexQuant
I think you could be right. I didnt notice any cross quote this week. btw did you see any spread spike?
Yes quite a few. Here are some spread spikes from a few minutes ago (MST):

Inserted Code
 
Date/Time       Ask         Bid
10:29:48.864   1.28520   1.28445
10:29:48.870   1.28520   1.28445
10:30:09.423   1.28539   1.28480
10:30:09.431   1.28539   1.28480
10:30:09.651   1.28539   1.28480
10:30:09.677   1.28539   1.28480

Quoting Crassius
Sounds plausible to me... when we previously would have crossed quotes, I am seeing the spread widen to 5, 6 or 8 pips and stall.... I don't like this change.
Neither do I.
  • #8,851
  • Jan 18, 2012 9:46am Jan 18, 2012 9:46am
Quoting jleblang
Zznbrm,

Crossed spreads are typically the result of a bank that is updating too slowly, and they cause issues because they are rarely hittable. We have been working with the banks to update their systems to prevent this and also removing certain feeds that may have been laggy so that execution will be faster.

You should all be seeing faster executions now than the last few days and weeks.
I think we can all agree that faster executions, hittable prices, and non-lagging feeds are all important and preferred to any type of lagging prices.

The spread spikes are a bit disconcerting however.

Thanks for the reply.
  • #8,852
  • Jan 18, 2012 10:07am Jan 18, 2012 10:07am
Quoting zznbrm
I think we can all agree that faster executions, hittable prices, and non-lagging feeds are all important and preferred to any type of lagging prices.

The spread spikes are a bit disconcerting however.

Thanks for the reply.
Zznbrm,

I’m checking internally about these spikes you are reporting (again, which environment are you finding these in…Live or Demo, Pay for Limits or FREE EXN).

However, are you suggesting that there are trade executions occurring on these spikes? I haven’t heard anything to suggest that executions are off.
  • #8,853
  • Jan 18, 2012 10:58am Jan 18, 2012 10:58am
Quoting jleblang
Zznbrm,

I’m checking internally about these spikes you are reporting (again, which environment are you finding these in…Live or Demo, Pay for Limits or FREE EXN).

However, are you suggesting that there are trade executions occurring on these spikes? I haven’t heard anything to suggest that executions are off.
I am seeing it in Navigator PFL real money.
  • #8,854
  • Jan 18, 2012 12:11pm Jan 18, 2012 12:11pm
Quoting jleblang
Zznbrm,

I’m checking internally about these spikes you are reporting (again, which environment are you finding these in…Live or Demo, Pay for Limits or FREE EXN).

However, are you suggesting that there are trade executions occurring on these spikes? I haven’t heard anything to suggest that executions are off.
Well, I just had my TP filled partially at ask price due to the spread spike. I guess it had triggered someone else SL.

This is a real MT4 PFL account.
Attached Image
  • #8,855
  • Edited 1:05pm Jan 18, 2012 12:32pm | Edited 1:05pm
Quoting jleblang
Zznbrm,

I’m checking internally about these spikes you are reporting (again, which environment are you finding these in…Live or Demo, Pay for Limits or FREE EXN).
MT4 PFL Live, Desktop Pro Demo, and Quote API

Quote
However, are you suggesting that there are trade executions occurring on these spikes? I haven’t heard anything to suggest that executions are off.

I have not seen anything off with the executions. Although, I have only been monitoring the quotes.

--------------------------------------------------

And here is a spike from just a few minutes ago. Screenshot from MT4 PFL Live, data from Quote API

15:59:36.629 1.28594 1.28550
15:59:36.636 1.28594 1.28550
15:59:36.927 1.28594 1.28550
15:59:36.932 1.28594 1.28550
Attached Image
  • #8,856
  • Jan 18, 2012 1:31pm Jan 18, 2012 1:31pm
Quoting zznbrm
Here's my best guess at this time.

MBT changed something with the quote feeds. I've been watching the tick chart this morning (using Quote API). There are no more negative spreads. Usually negative spreads happen all the time. But this morning, they never happen.

I think these spikes you are seeing are a result of this change to the quote feeds when negative spreads occur. ...
Whether or not there is a correlation between lack of negative spreads and these spikes is unclear. I do know however that spikes highly similar to those witnessed in the last couple of days were also occurring on MBT EUR/USD quotes as far back as November last year.
  • #8,857
  • Edited 3:05pm Jan 18, 2012 1:53pm | Edited 3:05pm
Here are some examples of the spikes occurring in both EUR/USD bid and ask today seen on a tick chart. These don't appear just at times of scheduled news but seem to occur at least once every hour. Spikes are generally travelling against the direction of price movement often to just below or above the last major low or high. This appears to be systematic; that is to say, I have not noticed e.g. the ask spiking upwards during an uptrend.

I haven't as yet seen spikes in the same places on any other price feeds. Has anyone observed this kind of behaviour anywhere else?
Just for the record this is a live PayForLimits feed (Multicharts through Desktop Pro). The same spikes are also occurring on Desktop Pro and on an MT4 PayForLimits demo feed. Time is GMT.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MBT-Spikes-17012012-01.png Size: 122 KB
Click to Enlarge Name: MBT-Spikes-17012012-02.png Size: 110 KB
Click to Enlarge Name: MBT-Spikes-17012012-03.png Size: 124 KB
Click to Enlarge Name: MBT-Spikes-17012012-04.png Size: 114 KB
Click to Enlarge Name: MBT-Spikes-17012012-05.png Size: 113 KB
  • #8,858
  • Jan 19, 2012 1:03am Jan 19, 2012 1:03am
Watching EURUSD this morning for the wide spreads, stalled feed... we just popped through two levels where a bunch of stops were in the market... 1.2880 and 1.2890 and this morning they went smoothly on my end... just the way they should look, but have not been lately.

Navigator PFL Real.
  • #8,859
  • Jan 19, 2012 1:34am Jan 19, 2012 1:34am
Well that didn't last long... second run at 1.2890 and the spread widens out to 10 pips and stalls.
  • #8,860
  • Edited 2:23am Jan 19, 2012 2:12am | Edited 2:23am
Note that we penetrate the big fig in the first few seconds of the video with the bid higher than 1.2901.... then at 1:10 the spread widens to 5 Pips and sticks for 15 seconds.

Inserted Video
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