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Indeed this is true, the LIFFE Connect platform doesn't support native iceberg orders but Euronext Paris still uses the NSC platform which does support icebergs. Anyway, it's not important. As I stated in the original post, I'm only talking here about native iceberg orders, not proprietary...

Doesn't sound like he knows what he's talking about. It is well documented that some of the futures exchanges support iceberg orders natively on their platforms.

Have emailed the relevant organisations regarding the Globex, Eurex, Euronext and ICE platforms. Hopefully they will clarify the matter. Will let you know what they say (if they do indeed say anything).

I'm sure that it's going to be the same for all instruments on a platform. It's a feature of the platform, not the instrument. I'll email the exchanges and see if they give me an straight answer. 100 bucks says they don't. ;o) Will reread the document. Maybe I've misconstrued moving the...

Hi all, I have a quick and simple question which I hope one of you learned folk will be able to help me with. What is the footprint in the order book of part of an iceberg order being filled? To clarify, I'm talking specifically here about orders which are entered into an exchange's order...

To clarify stock777, that wasn't meant as a dig at you personally. You are in the minority of high volume posters and have brought up an interesting topic here. I was refering to the plethora of posters who fill this site each and every day with reams of inconsequential ramblings and nonsense...

Good thread. Far better than 99% of the shite scribbled on this site each and every day. I always find it interesting that the best posts are written by those who have an average posting rate of <200 per year. Could it be that these people are actually proper traders as opposed to the muppets...

Cheers. Must admit it was a bit of a eureka moment when I finally figured it out. I agree with you though, for anything other than short term algorithmic day trading the order book is just a unnecessary distraction.

The information provided by examining the book is incredibly helpful but you're not going to see the whole picture just visually eyeballing snapshots of the ladder. You need to crunch the numbers in a somewhat abstract way to see what's really going on.

But we are not 'most' traders. That much should be obvious.

Thanks. I'm struggling to find much decent info on this (unlike the plethora that's available on the NASDAQ market maker program). Specifically looking for info on the rules governing their operation. Really want to figure out if they pull the same tricks as they do on the NASDAQ day in day out...

Whilst the NASDAQ and NYSE have market makers and specialists for purposes of ensuring orderly markets, providing liquidity and all that bollocks, I'm wondering in the futures markets (CME, CBOT etc) have something similar?

Bit off topic but... http://www.zerohedge.com A good site if you want to get some insight into what's actually happening in the institutional arena. A lot of it refers to markets that aren't retail traded but it'll help keep you up to date with what's going on. Check out...

http://www.tradersmagazine.com/news/dark-pool-reporting-103943-1.html "...the SEC recently made noises about wanting more information about how much volume is occurring in dark pools and where that volume is executing. Dark pools are not required to publish this information publicly, although...

Good to have you back again NYSEStocks. :o) An entertaining read as always...

But why? As someone who has written apps in C/C++/C#/Java I simply don't see the benefit of writing your apps in a low level language such as C/C++ unless you are exploiting HFT inefficiencies. At these timescales network latency issues become your biggest concern. Given the greater...

I think NT has suffered from a horrible case of creeping featuritis in the past, which is typical of an immature software company looking to break into a market. NT7 is their chance to make the move to a mature product but they absolutely HAVE to get the architectural problems sortout out with...

Ninja have bitten a lot off...that's for sure. But MATLAB is a relic. I mean, it's not even strongly typed.

Like yourself, I have been around the houses on this topic, and my fallback in the event that NT7 is a washout is Marketcetera.

IMHO, unless you are engaged in HFT and have some fat Solaris machines sat ON the exchange running highly optimised C apps (i.e. are a $multi-bil hedgie) then you will get the best ROI using either C# or Java. The pool of available resources (both binary and breathing) means that these are the...