Liquidity

[CaerMyrddin]

I understand why one obsesses with "the Bomber" - sometimes ti's like having a money priting machine. Others it's like having a nightmare. I've already dreamt with it so...

[lewismbet]

made money in 19 of 20 races - definitely suggests fill rate was up though this was an automated strategy so i did not see the markets myself.

Results definitely suggest a marked change from the normal Monday markets, particularly for this year. Roll on evening racing regardless.

[Euler]

Just finished having a nose at yesterday's stats. Fill rate speed was up yesterday. Orders were filling around 36% faster than average. But was fairly equal on both sides.

[herbie]

one of you might be the Bomber....

[rodders26]

I am the Infamous bomber..And I just like a big punt.
I've got more money than sense... you won't be seeing me again as I have just deleted my account and booked in for rehab.

Fare well everybody.
And for those who have been making a crust from me good luck!

[to75ne]

Just finished having a nose at yesterday's stats. Fill rate speed was up yesterday. Orders were filling around 36% faster than average. But was fairly equal on both sides.

thanks peter for having a look at yesterdays stats.

well i think it only confirms what the horizon documentary that i watched this morning implied; that what we believe to be true is more often than not, different from reality.

it really felt like the book was filling at different rates on either side to me, but the evidence is clearly to contrary.

perception is a strange thing

[Iron]

Why do you think they were filling so quickly?

Jeff

Just finished having a nose at yesterday's stats. Fill rate speed was up yesterday. Orders were filling around 36% faster than average.

[mulberryhawk]

A friend pointed out to me that betfair were recruiting football and tennis traders, I dont know if this would affect liquidity for the better or worse.

It does raise the question though if you own an exchange, whats to stop you using your position to muscle in on the market replacing traders.

[CaerMyrddin]

Unless they bend the rules to their favour, I can't see them getting better traders then those trading the markets already. They won't be able to pay them more or get'em more motivated then what they are on their own.

Imho I only think they shouldn't do it because one will be always thinking about frontrunning and things like that...

[onemichael]

On saturday the flasher was at work. I had a great day, the only thing that bothered me was how lazy he was he packed up at about 4:30. Also had a good time with him one night last week. I perfur the flasher than the bomber.

[hgodden]

Unless they bend the rules to their favour, I can't see them getting better traders then those trading the markets already. They won't be able to pay them more or get'em more motivated then what they are on their own.

Imho I only think they shouldn't do it because one will be always thinking about frontrunning and things like that...

Unless I'm mistaken, frontrunning or insider trading (i.e. looking at our exposed liabilities and making us pay bit to close our trades) would be totally illegal.

I think you're right about them getting traders in. Unless they can recruit current traders, it will take a long time for their new traders to get good enough to earn decent enough money for betfair to profit. Eveyone who has succeeded on here knows how much effort (and usually time) it takes to profit. Most people that you read about who have gone pro have taken at least a year to get to that standard - will betfair really be happy to pay these people a years wages before they make it (and they may well not do.)

Centuar tried things like that and look what happened to them. IMO most of betfairs 'trading' activities will be focused around hedging the bets they will take with this new 1bet feature (or whatever it will be called.) They're better off doing what they do now - i.e. letting us lot take the risk for 20% or 60% commission

[Euler]

My reading of the trader recruitment is to act as traditional traders at bookies, i.e. hedge liabilities and positions.

They must be a bit behind on things though as they had trumpeted Q1-2012 as the launch date.

[mulberryhawk]

Would it be illegal to frontrun orders? I mean if I ran betfair and I have access to individual accounts all I need to do is monitor successful traders trading techniques, model it or imitate it.

Even worse they could use knowledge of large stop positions etc and use it to their advantage.

And if they were doing this how would we be ever able to accuse them as all they would need to say in their defense is that their traders are better then us....

Is it possible that they could do this, or would they not get away with it?

[CaerMyrddin]

@hgodden, this kind of practice is illegal in the stock market but I'm not so sure there is any kind of rules that will prevent bf from doing it? It's absolutely imoral, but is it illegal?

Imo, regarding the 'hiring traders' thing, wether they fail as traders, or they'll become so good they'll be better by their own. It's a lose lose situation to bf, but they don't give it up do they?

If they simply want to hedge their positions, that will be easy to do...

[andyfuller]

My reading of the trader recruitment is to act as traditional traders at bookies, i.e. hedge liabilities and positions.

Fully agree with this - not sure why people are thinking BF will try to trade as us lot do - it makes no sense and would be as some of the reasons in this thread say be pointless. I think peoples imaginations may be getting the better of them with this issue and they are using one term, 'traders' to have only one meaning.

They already have traders working at BF for example those that manage the SP liabilities or those that used to manage the high rollers service.