futures microstructure

J

Javier

trading corn with MB i have aware that if i try to profit limit someone (they?), trade market orders agains and and if i cut my losses and change position they market agressevely the other side.
Obviously i think they are paid for order flow, but exist order flow against a customer?
Could be my own dealer trading against?
Doenst they have direct market access? Hope someone could explain =) thankx
 
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What makes you believe they are trading against your orders? Your order should be routed to the exchange and is available to the world. Why do you care who is your counter party as long as you are getting market prices?
 
hello morse, i believe that becouse i have readings about for instances 5 market orders or 5-10 contracts per second or so on average hitting the ask. Once i close and change my position i see a new 100 bid on the other side and 5-10 market orders hitting the bid agressively. Well i know i still have much to learn about, but i wonder if could a dealer see my orders or so.
Tx again
 
Again, assuming your order is routed to the futures exchange, the entire world can react to your order flow. Your size does not seem material to have market participates change their expectations of future movement from your orders.

If it were me, I would not focus on this.
 
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this is the picture, order flow changed dramaticaly. I bet that if i had hold it would still going up. Its very weird, i will try to find any clues about. Thankx morse anyway as always =)
 
So let me get this straight. You place a trade. The price then goes in the opposite direction you want it to go. You conclude that there must be a conspiracy against you.

Is that correct?
 
no, i place a trade XDdd, order flow comes to me, fill; place another limit to profit, order flow runs away hard. I change position to the other side, order flow changes extremelly hard against my limit profit. Thats it. Who the hell trade against only one contract
 
no, in my first question i asked if someone could see my limit order, and make order flow opposit my limit profits, and last but no least if mb has direct access to futures. I ask people who know more than me for that issues. I dont believe in conspiracys, all has an explanation.
 
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