IG Binary Revenues Up

This is a discussion on IG Binary Revenues Up within the Fixed Odds & Binary Betting forums, part of the Markets category; probably just a program reading the average of the spread firm prices and posting these tradefair. just looked at the ...

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Old Jan 23, 2008, 12:27pm   #31
 
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probably just a program reading the average of the spread firm prices and posting these tradefair.

just looked at the volumes on tradefair for today's up/down ftse - a massive 2 quid matched so far on an exceptionally volatile day !!
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Old Jan 23, 2008, 12:35pm   #32
 
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Well that should change shortly - BDI v2.2 is about to go into public beta (free 3 months usage)...
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Old Jan 23, 2008, 12:37pm   #33
 
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chris - have you considered a program to convert tradefair back to betfair type back/lay odds ?
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Old Jan 23, 2008, 12:38pm   #34
 
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BDI v2.2 is a binary interface to both Betfair and Tradefair with seamless switching between BF and TF markets
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Old Jan 23, 2008, 12:41pm   #35
 
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There are also several other new features in BDI v2.2 which improve the binary <-> decimal mapping for Betfair, and make trading a lot easier and faster in general.
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Old Jan 23, 2008, 12:41pm   #36
 
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I realise that, but I would have thought there could be demand for a program to offer tradefair markets in the betfair style - assuming betfair cease offering such markets on their platform.
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Old Jan 23, 2008, 12:45pm   #37
 
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There may be a small demand, but the general trend nowadays is towards binary prices, especially for trading purposes - I've heard rumours that Betfair may be introducing binary prices natively into some of the sports markets as well.

BDI has a liability stake mode (since v1.1) which should help people previously used to decimal odds to adjust to binary prices. BDI v2.2 will also feature a "biased" trade out option which can be used to bias the trade out towards either outcome - this can be used to replicate a decimal odds trade such as a lay of £100 at 1.01 followed by a back of £100 at 1.02 etc.
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Old Jan 23, 2008, 1:02pm   #38
 
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Also regarding TF volumes - the FTSE 100 intras are growing steadily, and are similar in volume to BF now, although that's not saying a lot! However, I do expect volumes on all the TF markets will rise dramatically when API apps start supporting TF.
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Old Jan 23, 2008, 5:46pm   #39
 
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I've just had a look again and IG is present in these markets on tradefair,all intradays,dow daily,ftse daily,s&p and nasdaq.
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Old Jan 23, 2008, 7:22pm   #40
 
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The prices do seem to be fairly similar as IG, however they are not exact and are sometimes substantially different. As Tim_UK mentioned above, it may well be some kind of program doing a weighted average.
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