spread betting exchanges?

[edgetrading]

Which spread betting firms are exchanges, where you trade against the other traders rather than the spread betting firm?

I think tradefair is one of them, but am looking for a comprehensive list.

 

[ns1000]

None.

Tradefair is a white label of Capital Spreads, so you're still dealing against the SB.

The closest is Prospreads, which routes you order into the futures market and repackages it as a spreadbet.

 

[arabianights]

Cantor did launch something like this called spreadfair but it never took off, alas.

 

[gooseman]

Cantor did launch something like this called spreadfair but it never took off, alas.

most financial instruments probably move too fast for this sort of idea. it was great for sports betting (apart from not being able to arb bookies)

 

[shadowninja]

Not sure about speed. I am messing about with Betfair in-game (yes, it's risky but I'm doing about £1 per trade) and the prices change rapidly esp when a goal's been scored. If you install after-market software that updates in the order of milliseconds, you can see how quickly prices change. Shame you can't enter prices without a delay of 8 seconds.

 

[gooseman]

on the spread betting index markets they simply suspend the market when something changes so not sure how they'd manage that with financial instruments....

 

[Rugby Trader]

Not sure about speed. I am messing about with Betfair in-game (yes, it's risky but I'm doing about £1 per trade) and the prices change rapidly esp when a goal's been scored. If you install after-market software that updates in the order of milliseconds, you can see how quickly prices change. Shame you can't enter prices without a delay of 8 seconds.

you can enter prices without any delay, look up betangel.
there's also some other software out there including a free one, but the names escape me.

 

[ns1000]

on the spread betting index markets they simply suspend the market when something changes so not sure how they'd manage that with financial instruments....

A pure exchange wouldn't need to bother; the price would be order driven, so up to traders to pull their own prices. If a SB firm was market making on its own exchange, as would likely be the case, the challenge would be for it to pull its quotes expeditiously. Guess this is why the concept has never really taken off - when it gets nicely volatile, the liquidity goes to ****.

 

[shadowninja]

you can enter prices without any delay, look up betangel.
there's also some other software out there including a free one, but the names escape me.

I've used both Betangel (Basic) and Betfair Rapid. Both have some sort of delay. Do you use the full Betangel edition? TBH I'm not keen on Betangel - I tried greening up and it completely ****ed things up so I had to trade myself out of the holes it left me in.

 

[Rugby Trader]

I've used both Betangel (Basic) and Betfair Rapid. Both have some sort of delay. Do you use the full Betangel edition? TBH I'm not keen on Betangel - I tried greening up and it completely ****ed things up so I had to trade myself out of the holes it left me in.

i've never used any software myself. might get one in the future as i'm learning to trade football at the moment, but only using small stakes myself. when i start upping the stakes that's when i will get one. not sure which though.

 

[arabianights]

You can't enter bets with no delay when the game/event/whatever is in running. This is to (partly) stop hoovering and the like.

The best ISV for betfair now is probably The Geek's Toy (google it). Free as well

 

[shadowninja]

Ah. Ok! Will google that too.

 

[shadowninja]

Just found it. Holy crap!

 

[shadowninja]

Shame the ladder is the opposite colour and way round to betfair's ladder! Really confusing!