What if your platform sends hidden info about your next possible trade?...
- Thread starter traderum
- Start date
Reading brain waves... interesting, I've been working on this same technology. Do you know anyone in R&D that I could speak to?
this is the twilight zone - welcome to the party!
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?
Unless you trade ForEx, you can disable "smart routing" by choosing a relevant destination as the single target exchange. This way all orders will be sent directly to the exchange, where they will be treated as fairly as everyone else's.
If the fact that orders are sent to the exchange is still a concern, you can request exchnage trade data and match the trades to your particular order. There are successfull cases of litigation against a broker who didn't send customer orders to the exchange in timely manner... even aginst major Wall Street banks.
def
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And some of you wonder why I post.
LeeD: This guy is claiming we front run his orders BEFORE he even submits them on the PAPER trader. He's nuts.
I'll point out though that IB's execution stats and price improvement are vastly better than the industry an independent audit by the TAG group. Details can be found on the TAG website or links via the ib website.
It was not me who said "frontrunning", it was you.
This is different from frontrunning.
For example the moment I want to close my position I go to the order mask
and then suddenly the market price begins to go against me... always!
Now, let's think how this can happen, and why does it happen.
There are some very important questions to answer:
1.) does IB really pass the last market price to the client, or do they show, in these short phases, maybe their own artifical price to the poor client...?
Ie. this would mean they force the client to sell to a slightly bad price, ie. they buy the position cheaper from their client and immediately sell on the market
with a profit.
2.) if it is really the real market price that is shown in the TWS platform, then conclusion must be: IB informs the market maker about my position and intention, and he moves the market price accordingly.
3.) Fact is: someone is moving the market price (or what IB shows us in their platform as the "market price") against the client the moment the client begins filling the order mask, long before submitting it.
Now come on and say us which one of this is correct or wrong.
Who founded this "organization"? Are they really independent? Do they test only IB? Who is financing them? Is it maybe IB?...
Hey, why can't you simply say that you do or don't do what the accusation says, and so we can delve deeper into that matter if you want...
Yes, I (and others) can also analyze it with a network sniffer too, though a time consuming task, but doable...
Def, there really is no point arguing with this lunatic. He doesn't even get that he is trading on demo and that at best trades are delayed there.
To the moron: if it was true what you were saying mm would not only be able to know what is going on in your mind, they would be able to know that several hours beforehand as the prices you are seeing in demo are delayed at best or not realistic at all. In your mind market makers are reacting to future events wow, science fiction at it's best. For real prices you would at least need to use the papertrading account. But I guess you will never get it and keep on trolling.
ANOTHER REQUEST TO MODS: this guy is a real lunatic and only spouts junk and nonsense on ET leading naive newbie traders to think he has a point whereas to any savvy trader he clearly has not. So boot this guy from this site and delete all this posts if you want to leave this site with at least some quality posts. What's the point of leaving this guy on ET ? ? ?
To the moron: if it was true what you were saying mm would not only be able to know what is going on in your mind, they would be able to know that several hours beforehand as the prices you are seeing in demo are delayed at best or not realistic at all. In your mind market makers are reacting to future events wow, science fiction at it's best. For real prices you would at least need to use the papertrading account. But I guess you will never get it and keep on trolling.
ANOTHER REQUEST TO MODS: this guy is a real lunatic and only spouts junk and nonsense on ET leading naive newbie traders to think he has a point whereas to any savvy trader he clearly has not. So boot this guy from this site and delete all this posts if you want to leave this site with at least some quality posts. What's the point of leaving this guy on ET ? ? ?
def
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you're still talking paper trader aren't you?
1. We do not do this.
2. We are not mind readers either
3. TAG is an independent group. (I'd suggest you do your own research and read their site).
http://www.tagaudit.com/do/display?page=Home
TAG's one and only focus is on Best Execution. Our innovative technology is designed and built exclusively for use by the Securities Industries in the United States, Europe and Canada. Unlike the competition, we are not a spin-off of an order management system, nor have we adapted software systems designed for some other market sector. We are a privately held, independent solutions provider and partner. Our staff has a combined 80 years of experience in the Securities Industry, much of that with a focus on compliance. TAG team member have been senior executives, analysts, traders and IT professionals.
1. We do not do this.
2. We are not mind readers either
3. TAG is an independent group. (I'd suggest you do your own research and read their site).
http://www.tagaudit.com/do/display?page=Home
TAG's one and only focus is on Best Execution. Our innovative technology is designed and built exclusively for use by the Securities Industries in the United States, Europe and Canada. Unlike the competition, we are not a spin-off of an order management system, nor have we adapted software systems designed for some other market sector. We are a privately held, independent solutions provider and partner. Our staff has a combined 80 years of experience in the Securities Industry, much of that with a focus on compliance. TAG team member have been senior executives, analysts, traders and IT professionals.