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Originally Posted by scott TTM
Otherwise, MB is great - good case of today, during the releases you often would see the ask be lower than the bid - because there were so many sellers on the Euro and cable that the bids couldn't keep up quickly enough, so this was a great advantage and I did a bit of arb trading this way. Of course spreads will widen during news times, but it's only for a second, and you can get nearly instant fills with either MB or the CME.
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Scott,
Have you done trades with MB immediately after the news release, or are you placing orders right before the news (straddling)? I have heard from a few traders using MB that they could not get filled at news time or they were slipped by 40 pips.