Yeah, some issues:
1) Capital Spreads (the current MM) aren't posting particularly tight spreads, usually around 4-6 points with £4-£5/point on both sides of the spread. They are also only MMing on about half of the range of markets, and seem to pull their prices way too often (although normally only for a few seconds at a time).
2) The standard TF interface is a bit of pain to use - takes far too long to submit an order.
3) Low volumes so far, probably because Betfair haven't started promoting it yet, and it only was initially announced a couple of weeks ago.
The following needs to happen for Tradefair to really take off:
1) CS either needs to tighten its spreads to 4 points or better (with ideally £10/point or more on both sides of the spread) or at least one other MM needs to join them. The MMs also need to make sure that prices are being posted close to 100% of the time, and the full range of TF markets need to have a MM present to get going.
2) The Betfair API ladder interfaces need to be compatible with TF asap, as they are perfectly suited to binary trading. BDI v2.2 will feature full integration with TF and will be released in a few months time.
3) Betfair/Tradefair need to do some serious promotion in order for the exchange to have a chance of getting off the ground - one of the main reasons why binexx.com failed from low liquidity was because hardly anyone had heard of it. However, it may be best for them to wait until the standard interface is faster to use, or until some of the Betfair API interfaces start supporting TF - the current interface will put a lot of people off.
