IG Index/Binary Bet Rejections

This is a discussion on IG Index/Binary Bet Rejections within the Fixed Odds & Binary Betting forums, part of the Markets category; Originally Posted by markt99 You say they are executing orders manually! - When I was trading last year they seemed ...

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Old Dec 16, 2010, 4:37pm   #33
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Re: IG Index/Binary Bet Rejections

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Originally Posted by markt99 View Post
You say they are executing orders manually! - When I was trading last year they seemed to go through so quickly that they cant have been manual and Im sure I got 'price improvement' on a number of times. Do you think things have changed?
Yes. Things have changed for me!
OK - maybe they're not manually accepting/rejecting orders as the delay is not 30+ seconds (as Donald's post above states).
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Old Dec 16, 2010, 8:45pm   #34
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Re: IG Index/Binary Bet Rejections

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Yes. Things have changed for me!
OK - maybe they're not manually accepting/rejecting orders as the delay is not 30+ seconds (as Donald's post above states).
Orders dont take 5 seconds to accept or reject.
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Old Dec 16, 2010, 9:35pm   #35
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Re: IG Index/Binary Bet Rejections

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Orders dont take 5 seconds to accept or reject.
Brettus - please elaborate.
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Old Dec 17, 2010, 7:59am   #36
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Re: IG Index/Binary Bet Rejections

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Brettus - please elaborate.
Ok. FFO for ladbrokes and party gaming. I've accepted/rejected trades. It takes about 2 seconds to realise whether its a bad bet or not. Eventually you get to know the clients and you know when they are trying to pick you off. I understand the clients point of view though. When a trade comes up and its in the clients favour it says odds 5/1 should be 3/1, generally that will get rejected straight away. If you sit there all day accepting bets, you will know what the odds should be, and as soon a winner tries to trade, you are alerted straight away to the vols being off.

It's not a coincidence that you get 5 clients trying to hit you at 28/1 in eurusd on 5mins.

If you do a binary a little bit more obscure then there's more chance of it getting accepted.

Last edited by brettus; Dec 17, 2010 at 8:04am.
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Old Dec 17, 2010, 9:16am   #37
 
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Re: IG Index/Binary Bet Rejections

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Originally Posted by brettus View Post
Ok. FFO for ladbrokes and party gaming. I've accepted/rejected trades. It takes about 2 seconds to realise whether its a bad bet or not. Eventually you get to know the clients and you know when they are trying to pick you off. I understand the clients point of view though. When a trade comes up and its in the clients favour it says odds 5/1 should be 3/1, generally that will get rejected straight away. If you sit there all day accepting bets, you will know what the odds should be, and as soon a winner tries to trade, you are alerted straight away to the vols being off.

It's not a coincidence that you get 5 clients trying to hit you at 28/1 in eurusd on 5mins.

If you do a binary a little bit more obscure then there's more chance of it getting accepted.
Very interesting thanks for posting.

I have a feeling that IG have automated this manual process of adjusting binary volatility/odds based on winning punter bets. It would not be very hard for a computer to do.
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Old Dec 17, 2010, 11:11pm   #38
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Re: IG Index/Binary Bet Rejections

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Very interesting thanks for posting.

I have a feeling that IG have automated this manual process of adjusting binary volatility/odds based on winning punter bets. It would not be very hard for a computer to do.
Yes. No doubt IG has inbuilt programming which functions akin to the Virtual Dealer software that delays order acceptance and re-quotes prices.
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Old Aug 22, 2012, 5:22pm   #39
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Re: IG Index/Binary Bet Rejections

I quite enjoyed reading this thread as I have recently experienced something similar move from electronic to manual execution on a broker platform! Is anyone still trading Binaries and getting elctronic executions? Please let me know especially on FX 5mins TF
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Old Aug 23, 2012, 11:48am   #40
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Re: IG Index/Binary Bet Rejections

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It looks as though IG have put me on manual execution as a number of my orders (but not all) have been delayed over the last couple of days. Coincidently, I had my most profitable week ever last week.
Oh well, guess I'll just have to adapt to the new conditions.
Any changes on the slow execution / constant re-quotes?
How much did you make beofre they placed you on manual execution?
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