Day Trading & Forex Forum

tradex

Hi all,

I am currently using IG index and finspreads for my binary trading.

From reading these forums, I understand that I am actually betting against the market maker software (not the actual customers).

Could you please tell me the "real" binary exchanges? If they really exist...

Thanks very much

Tradex

jaygo

Tradefair/ betfair binaries, except theres nobody actually trading on there. Which makes the site impossible to use.

rnicoll

Agreed. I'd love to have time to write my own MM software for tradefair and see if I can close those spreads a bit/provide quotes on the more weird stuff, but at the moment just finding time to sleep is a challenge.

whipsaw

Hi Tradex,
what you are looking for are peer-to-peer betting exchanges.
Intrade.com offers selected finance contracts , tradefair binaries too.
Redmonitor (an austrian company) is going to compete with the old established P2P exchanges. They are offering API Access as well a market maker programm.

If you need more infos PM me.

donaldduke

As long as you like the market being quoted, it shouldnt matter to you if its a market maker or actual customers?
Of course the market makers can 'back away' from quotes after you hit them, but they wont do this until you are very profitable. Even when you are on their 'radar' as a profitable punter they will still let you hit them for relatively small size (say 10 pounds a point or lower) without being rejected.

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