UK was obligated by ERM to keep pound above a certain limit and therefore BoE had to defend the pound against Soros and other speculators - ultimatly UK were unable to meet the obligations and had to withdraw from the ERM. At least that's the ...

How the markets are working?????

Because market makers/liquidity providers (in a simplified view) are in the market to earn (a part of) the spread - they basically don't care about the overall economic situations unless in extreme situations. The risk is offset by the spread. Bank ...

How the markets are working?????

I don't disagree with anything in your post and I recognize that you can have a "subconscious feeling" of the market. What I'm opposed to is that "order flow" cannot be quantified. Naturally it can - it's being used heavily as input to quant models, ...

Stating The Obvious and The Quest For Wisdom

Thats a pretty subjective statement given the not-so-well-defined concept of "order flow"

Stating The Obvious and The Quest For Wisdom

Yes - either you opt out of security or run it through VPN.

Systematic trading

If you're going to trade at IB choose FIX - its rock stable.

Systematic trading

Thats correct.

Systematic trading

Craig, you need to ditch MB

Systematic trading

This book turned up on my radar: url Worth noting is that it got a good review on Amazon by Aaron who amongst other things is a highly regarded member of NuclearPhynance.

Systematic trading

On some platforms you can explicitly flag your order not to be filled by a main liquidity provider (bank) but only by a "real" market participant trading on that platform. However you have no real idea about the actual liquidity then - you more or ...

Systematic trading

All these f... bucketshops - they are so limited in imagination that their names sounds all the same (or is it purposely?...) - but it creates confusions all the time. But lets be clear about one thing: The business models behind Interactive Brokers ...

Systematic trading

Just to avoid any confusion - are you talking about InteractiveBrokers or Interbank FX? If your successful you move up the food chain and spread out your trading... and evolve. There is a ton of discussions on bucket shops elsewhere on this forum ...

Systematic trading

You should consider posting...these types of discussions are rare but very interesting...and very relevant to auto trading in particular since everything can be logged and analysed in every detail. mikkom are right though - some of the posters here ...

Systematic trading

Ok, I see where you are coming from...welcome to the board. To mikkom and others, takef586 is basically right about the matching of limit orders in spot forex. However it can differ between platforms...once you have (really) profitable strategies ...

Systematic trading

I don't want to turn this into (yet another) spot vs. future thread...but your statement is incorrect. FX spot has better spreads and liquidity than FX futures. And that's a fact. However, you are right about the FX futures market being (way) more ...

Systematic trading

Liquidity providers are not to happy about negative spreads...it's candy for co-lo'ed arb engines... There's close to no "real" ECN's in the otc forex world (by the standard definition) - they are almost all hybrids in some form or another. So ...

why negative spread occur in Mbtf/currenex? But not in IB？

There is a new Sheriff in town regarding free historical high frequency FX rates: url I have not yet tested the quality of the data but it's delivered by Integral so I expect it to be pretty good.

Currency pair data

Then its your data feed... Check out IB and MBT's respective sites: url url

compare MBT and IB quotes

Your results seems odd. IB quotes in 0.5 pip intervals and MBT in 0.1 pip intervals, but your bid prices are all in 1 pip intervals as far as I can see. Since MBT has a higher resolution this might potentially skew the result. Also you should ...

compare MBT and IB quotes

Man, did my day just got better...R integration...and libsvm...and a delicious Eclipse based GUI... Seriously thank you for pointing out this little gem. Funny btw to see two German universities competing on making the best open source visual data ...

Potential new machine learning style software.