Newbie Trader needs opinions on Binary bets

are you saying my datafeed from esignal is only updated evry 15 seconds that news to me. If you can get the software to always lay a tight spread with volume either side it wont be long before each hourlie is as busy as a football match. I wish you all the luck with it. I dont think any other features will be needed, get that going you are on to a winner

No, because I will be paying good money for it

Not sure which datafeed you have, but I know for a fact that the FTSE 100 Cash index is updated every 15 seconds, see:

http://www.liffe.com/liffeinvestor/i...0futs/what.htm

The actual FTSE Cash Index is only calculated each 15 seconds (basis last traded price for each stock in the 100). However.... the FTSE Futures move in real time and are a proxy for FTSE Cash. As a result the spreadbetting firms use the futures to calculate the actual value for FTSE on a second by second basis. However... the binary bets are actually expired on the value of FTSE cash (normally the next print or tick after the stated expiry time in the case of hourlies or any other intra day bet) hence why they dont normally allow betting in the last minute or so (as pricing the cash basis the futures is not and exact science and could be open to abuse in a close run finish).

Anyone who wants to market makes these products needs to be a brave boy in my opinion!

Steve.

thanks for info

Yeah it is tricky - I won't be MMing in the last 30 seconds on Betfair (possibly last 60 seconds)

I read that IG index make markets on the betting exchanges.
No sure if Betfair are one of those exhanges.
Youll have some serious competition.

Yeah they may well be MMing on sports markets on Betfair, but there is currently no MM on the financial markets on Betfair (and there hasn't ever been a MM which has lasted for more than 1-2 weeks)