Lookie heah now Son, thisin heah, is the OOficial Viper Reeport inan regards to Interactive Brokers tradin action.
(by the way, if you can guess what language the intro is in, I will send you a pound of Cafe Bustelo, so you can stay up with ES for 23.9999 hours a day)
As everybody knows we had all the news fit to print this morning.
So I was watching the eur/usd.
Up until 8:30 we had normal spreads, choice to 1, as soon as 8:30 hit, the spreads widened to 5 and then eventually to 20 for about 7-10 seconds, and no I did not put a stopwatch on it, just counted. During this same time the CurreneX pricing was doing its usual untradable bouncing of prices, which is normal for this type of news event.
After things settled on I.B., there were about 2 min of wider than usual spreads, that ranged from 2-5, then on the reverse the spreads settled back down to normal, and we were tradable again.
One interesting thing that I saw was all of the buying going on at 2890-2884, the bids outnumbered the ask by a 5-6 to one ratio, oh and what a surprise where did the price eventually go, at 9:05 am est the high was 9297, something to think about rookies.
Now we had a gap of 20 pips at about 8:30, so this would explain the widening spread at IB. My guess would be that rather than show the bouncing prices, they encapsulate all of this action in the spread, its just a guess and not a proven fact.
The IB data is still wacky with my neoticker, I had no data faster than 3 min, or maybe it is just the IB data and NT had nothing to do with it, same thing happened last Friday. this is a minor irritation as I have found a quote provider who's data is within .5 pip of IBs. I do wish they would fix this but I will wait and see
The CurreneX platform is still working fine, and I am happy with it.
So thats it, if I run across anything in the future I will post it here
The Ever Trying To Help VIPER
(by the way, if you can guess what language the intro is in, I will send you a pound of Cafe Bustelo, so you can stay up with ES for 23.9999 hours a day)
As everybody knows we had all the news fit to print this morning.
So I was watching the eur/usd.
Up until 8:30 we had normal spreads, choice to 1, as soon as 8:30 hit, the spreads widened to 5 and then eventually to 20 for about 7-10 seconds, and no I did not put a stopwatch on it, just counted. During this same time the CurreneX pricing was doing its usual untradable bouncing of prices, which is normal for this type of news event.
After things settled on I.B., there were about 2 min of wider than usual spreads, that ranged from 2-5, then on the reverse the spreads settled back down to normal, and we were tradable again.
One interesting thing that I saw was all of the buying going on at 2890-2884, the bids outnumbered the ask by a 5-6 to one ratio, oh and what a surprise where did the price eventually go, at 9:05 am est the high was 9297, something to think about rookies.
Now we had a gap of 20 pips at about 8:30, so this would explain the widening spread at IB. My guess would be that rather than show the bouncing prices, they encapsulate all of this action in the spread, its just a guess and not a proven fact.
The IB data is still wacky with my neoticker, I had no data faster than 3 min, or maybe it is just the IB data and NT had nothing to do with it, same thing happened last Friday. this is a minor irritation as I have found a quote provider who's data is within .5 pip of IBs. I do wish they would fix this but I will wait and see
The CurreneX platform is still working fine, and I am happy with it.
So thats it, if I run across anything in the future I will post it here
The Ever Trying To Help VIPER