IG Binary Revenues Up

This is a discussion on IG Binary Revenues Up within the Fixed Odds & Binary Betting forums, part of the Trading Brokers category; Although perhaps they will be focusing more on the recently acquired HedgeStreet exchange in the near future......

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Old Jan 20, 2008, 11:07am   #25
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Although perhaps they will be focusing more on the recently acquired HedgeStreet exchange in the near future...
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Old Jan 20, 2008, 11:45am   #26
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Originally Posted by BinarySoft Chris View Post
Cheers for the link to those results - their betting exchange activities seem to be growing pretty fast. It will be interesting this year to see if any of IG's binary betting clients move to Tradefair and/or if IG will start MMing on that exchange as well - I've heard they are doing some MMing on Betfair's sports markets at the moment.
I doubt if IG will ever make a market on Tradefair. For a start they cant reject or delay deals like they do on their own sites.

Hit IG binaries for anything over 50 pounds a point and see how often you get rejected or have to wait upto a few minutes for them to wait for the market to move in their favour before they accept..
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Old Jan 20, 2008, 11:55am   #27
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Well Capital Spreads are the current MM and are doing a pretty decent job so far, posting usually around £5-£10/point on both sides of the spread - hopefully this will rise over time. IG have also been offering binaries for a lot longer than CS, so I'd have thought that IG would have a pretty accurate pricing model by now.
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Old Jan 22, 2008, 11:18am   #28
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IG's prices are the same as tradefair's,this happened about a week or so ago.is a third party using their platform to mm or did IG take over from someone else?
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Old Jan 22, 2008, 11:37am   #29
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Well there are 3 sets of prices on TF at the moment on the FTSE Hourly and Daily markets - two sets of £5/point and one £1.50/point. I will do some further investigation of this tomorrow, but I think that one of the £5/point spreads is IG, the other is Capital Spreads, and the third is another MM.
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Old Jan 23, 2008, 5:32am   #30
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The current £5/point MM doesn't appear to be IG or CapitalSpreads, any idea of who it is? I've checked the following binary prices:

IG/binarybet
CapitalSpreads
CityIndex/Finspreads
ChoiceOdds

...and none of these seem to correlate exactly with the prices on Tradefair.
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Old Jan 23, 2008, 6:27am   #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, 6:35am   #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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