What if your platform sends hidden info about your next possible trade?...

Quote from traderum:

I have the suspicion that the TWS platform does inform the market maker
(and/or the brokers own trading team... ie. those guys at the broker who trade
against their own clients by spying their actions etc...) about your intention
when you open a mask and begin filling it... long before you push the final
button to send out the order...
Can this be true? :-)
More...

Traderum,

You are correct in your suspicion, but you are off when it comes to the actual mechanism of monitoring. The market makers and brokers/traders can read your mind, so they know what you are going to trade before you even turn on your computer. In fact, when you wake up in the morning, they already know what you are going to trade that day. So they have plenty of time to rig the markets against you.

To sum up, there is absolutely no way you can make money trading, so you should just move on to something more productive in life.
 
Instead of worrying about this, just check! TWS uses TCP port 4000. Set up a sniffer to look at the traffic and see whether it sends anything (aside from the market data requests) when you start to type in an order.

Also, if you're using the trade simulator that's using "faux data", it's not sending any actual orders to MMs. I thought you acknowleged this a few days ago.
 
Quote from fkbsuhites:

I'll bet sponsor revenues generated from this site are at all time lows.
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it's called killing the golden goose...

In a sense it's hard for a broker... If has to hedge your position, and you are winning...

The only way for them is to find a way to hedge without getting the opposite exposition as you have...
 
Quote from loufah:
Instead of worrying about this, just check! TWS uses TCP port 4000. Set up a sniffer to look at the traffic and see whether it sends anything (aside from the market data requests) when you start to type in an order.
More...
I'm sure it does. The moment I open the mask the price goes automatically up.
This happens nearly always, ie. it's repeatable.
Yes, a network sniffer will prove it. I'll investigate this next week.


Also, if you're using the trade simulator that's using "faux data", it's not sending any actual orders to MMs. I thought you acknowleged this a few days ago.
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No, no, it sure sends the orders to MMs. Hey, in the last days I'm
trading mainly with the MMs directly! Believe it or not!
The MMs in the IB demo are maybe MM aspirants, but they are there
and I can "deal" with them, that I can assure you.

BTW, I've even been able to "overtake" the job of one of the MMs (of the ticker AIG).
That was really an adventure, a thriller I can say. But in the end I won! :-)
Since this was the first time, I learnt much of this adventure.
That guy has lost much money, prestige, and maybe even his job! :-)
 
Quote from traderum:

I'm sure it does. The moment I open the mask the price goes automatically up.
This happens nearly always, ie. it's repeatable.
Yes, a network sniffer will prove it. I'll investigate this next week.


No, no, it sure sends the orders to MMs. Hey, in the last days I'm
trading mainly with the MMs directly! Believe it or not!
The MMs in the IB demo are maybe MM aspirants, but they are there
and I can "deal" with them, that I can assure you.

BTW, I've even been able to "overtake" the job of one of the MMs (of the ticker AIG).
That was really an adventure, a thriller I can say. But in the end I won! :-)
Since this was the first time, I learnt much of this adventure.
That guy has lost much money, prestige, and maybe even his job! :-)
More...

Unbelievable!

:D :D :D

ET thank you for this entertainment!
 
How do you trade "against" a market maker in a sim account? If IB sends your sim trade (even with an "offset", as you say), how would it work? If the MM takes the trade, what will he settlement with? After all, you have no cash in the sim account (real cash, that is) to deliver against. Or, do you think IB is basically funding your trades?

Quote from traderum:


BTW, I've even been able to "overtake" the job of one of the MMs (of the ticker AIG).
That was really an adventure, a thriller I can say. But in the end I won! :-)
Since this was the first time, I learnt much of this adventure.
That guy has lost much money, prestige, and maybe even his job! :-)
More...
 
Quote from sjfan:
How do you trade "against" a market maker in a sim account? If IB sends your sim trade (even with an "offset", as you say), how would it work? If the MM takes the trade, what will he settlement with? After all, you have no cash in the sim account (real cash, that is) to deliver against. Or, do you think IB is basically funding your trades?
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Yes, it seems IB (and the network they have formed up for this) is doing the funding (ie. some orgs & corps seem to have set up such an experimental trade network using real market participation & data w/offsets).
I guess it is a zero-sum game for them, they don't lose anything,
in the end they bring the balances back to initial levels between them.
That's my guess of course.
Their demo web site says the demo would use previous week's data or so,
but IMO that simply cannot be true.
 
So you think whenever someone do a demo trade on their demo server (and everyone can do this), they are following through the trade with real money?

Why would they do that?

Quote from traderum:

Yes, it seems IB (and the network they have formed up for this) is doing the funding (ie. some orgs & corps seem to have set up such an experimental trade network using real market participation & data w/offsets).
I guess it is a zero-sum game for them, they don't lose anything,
in the end they bring the balances back to initial levels between them.
That's my guess of course.
Their demo web site says the demo would use previous week's data or so,
but IMO that simply cannot be true.
More...
 
Quote from traderum:

I'm sure it does. The moment I open the mask the price goes automatically up.
More...

I think it is called paranoia.

Really, if markets do this to you all the time you probably should look for another job.
 
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