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I am very interested in MB Trading, even though I currently autotrade with IB.
Here is the main reason: FINRA, the regulatory agency that regulates IB on Forex, recently has proposed a rule change to reduce leverage on Forex down to a measly 1.5:1! IB currently allows leverage of 20-40:1 and some other brokers allow as much as 400:1.
This rule, if it goes forward, would effectively kill all the retail Forex brokers under FINRA.
MB Trading, on the other hand, has their Forex business regulated under NFA, and only some of their other products come under FINRA. So at least on Forex, MB Trading would not be subject to any draconian leverage rule. Rumor has it that NFA might implement a 25:1 leverage rule, but that is far better than 1.5:1.
Even if the FINRA rule does not go through for a while, I still like the idea of spreading my money across 2-3 brokers. While IB does have a pretty solid rep, I just don't trust *any* self-assessed statements of financial stability coming out of any Wall St. firm these days. Wonder why. ;-)
So put me down as very interested in developing AutoTrading code to connect AB to MB.
More info on the FINRA proposal here:
http://www.finra.org/Industry/Regulation/Notices/2009/P117744
Btw, I sent some emails to IB asking if they have a contingency plan on this FINRA issue. While share any info once they respond.
--- In amibroker@xxxxxxxxxxxxxxx, "ganamide" <ganamide@xxx> wrote:
>
> Hello,
>
> I was wondering how many people are interested in a datafeed and/or trading plugin for MB Trading. They recently added backfill capability to their quote api, and it seems that they provide upto 1 year of minute data, 30 days of tick data, and 10 years of daily data.
>
> I have some experience with the MBT SDK and I have 10 years programming experience. I don't expect this task to be too difficult for me, but would be more inclined to do it if others are willing to pay a modest fee for it.
>
> Any comments and suggestions are appreciated.
>
> Thanks,
> Chris
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Padhu" <ccie8340@> wrote:
> >
> > Hi Franz,
> >
> > Greetings.
> >
> > MBTrading's sdk is at http://sdk.mbtrading.com/v.htm.
> >
> > Here is my thought process:
> > 1. MB Trading provides a COM interface that can be access via instantiating the following COM objects.
> > (Thanks to Tomasz for the confirmatyoon)
> > moComMgr = CreateStaticObject("MbtComMgr");
> >
> > Access rest as members:
> > --------------------------------
> > moQuotes = moComMgr.Quotes;
> > moOrders = moComMgr.OrderClient
> >
> > 2. The above will get us to create a template code for autotrading interface just like IB.
> >
> > 3. We certainly would need a realtime quote plugin. The question is if needs extensive coding
> > or just can be derived from the COM methods moComMgr.Quotes; ( Tomasz, Pls feel free to comment whenever you have some time to spare).
> >
> > I am not a programmer but I am married to one. So I can get help for this. Pls let me know how you would like to proceed and if there are other
> > members here who are interested in contributing to this project. The real nice thing I liked about MB is the fact they are dierct access/ECN type.
> > One couldn't ask for better spreads on Forex than interbank quotes. btw, they also do stocks,options and futures. So If there are users who don't use
> > IB for some reason, this may be a better alternative if all goes well.
> >
> > I am willing to do whatever it takes to get this Auto trading interface done. All I need is some process, so that we know who does what. Once ready we can get Amibroker user commuinity to test it as well.
> >
> > Thanks.
> >
> > Cheers,Padhu
>
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