Dukascopy
 
 
Wiki JStore Search Login

BID and OFFER orders are not visible in BTC/USD
 Post subject: BID and OFFER orders are not visible in BTC/USD Post rating: 0   New post Posted: Tue 24 Apr, 2018, 00:14 
User avatar

User rating: 21
Joined: Thu 19 May, 2011, 20:50
Posts: 377
Location: Germany, Munich
Regarding
https://www.dukascopy.com/wiki/en/forex ... -bid-offer
1 contract should be visible in the market depth.
As this does not work, please fix this or change the description.


 
 Post subject: Re: BID and OFFER orders are not visible in BTC/USD Post rating: 0   New post Posted: Mon 07 May, 2018, 13:42 
User avatar

User rating: 21
Joined: Thu 19 May, 2011, 20:50
Posts: 377
Location: Germany, Munich
Any news on this?
Why is this not possible?


 
 Post subject: Re: BID and OFFER orders are not visible in BTC/USD Post rating: 0   New post Posted: Mon 07 May, 2018, 15:44 
User avatar

User rating: 0
Joined: Thu 09 May, 2013, 18:38
Posts: 11
Location: SerbiaSerbia
It will not work on BTC/USD because of specific instrument settings. The spread is wide and we are trying to avoid fraud transactions.


 
 Post subject: Re: BID and OFFER orders are not visible in BTC/USD Post rating: 0   New post Posted: Mon 07 May, 2018, 23:31 
User avatar

User rating: 21
Joined: Thu 19 May, 2011, 20:50
Posts: 377
Location: Germany, Munich
What is wrong if we quote a price inside the spread?
Isn't this the innovation of place bid/ask orders, so we can match with other participants on your platform.
Dukascopy is just the match maker, creating 2x commissions from the place bid/offer maker and from the market taker.
Please review this decision.
Also commenting this in place bid/offer description would be very helpful.


 
 Post subject: Re: BID and OFFER orders are not visible in BTC/USD Post rating: 0   New post Posted: Fri 25 May, 2018, 15:31 
JForex Master
User avatar

User rating:
Joined: Wed 16 Sep, 2009, 18:23
Posts: 1007
Location: Geneva, Switzerland
The problem is in the wide spread indeed. When the user puts a place bid or offer inside the spread, it narrows the spread. As a result one side gets static until someone hits that price or the order gets outside of the market spread. Taking into account the low liquidity so far, that would make the chart look ugly and most of the users would think that some technical problem has happened on our side.


 
 Post subject: Re: BID and OFFER orders are not visible in BTC/USD Post rating: 0   New post Posted: Tue 29 May, 2018, 11:12 
User avatar

User rating: 21
Joined: Thu 19 May, 2011, 20:50
Posts: 377
Location: Germany, Munich
This is normal market behaviour. There is no "ugly" chart.
Please open this for place bid/offer orders as promised on your website.
https://www.dukascopy.com/wiki/en/forex ... -bid-offer

There is no rational reason to except BTC/USD.


 

Jump to:  

  © 1998-2011 Dukascopy® Bank SA
On-line Currency forex trading with Swiss Forex Broker - ECN Forex Brokerage,
Managed Forex Accounts, introducing forex brokers, Currency Forex Data Feed and News
Currency Forex Trading Platform provided on-line by Dukascopy.com