Tradefair & Financials
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Why does it take 10 minutes to post the beginning reference price of the WallSt30 sometimes? It is completely too late. It should be automated. I know Bloomberg has an api and it would be quite easy to write a program to automatically grab the reference price. Why is this still done manually? I will write the program for Betfair for free if they would like.
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For WallSt 24th March (20m) - 14.20 - 14.40, Betfair didn't set a reference price for the contract. Betfair instead set the reference price for the 14.40-15.00 contract as the reference price for the 14.20-14.40 contract.
Maybe Betfair should rethink using the Bloomberg price for setting the price, since Betfair can't reliably post this price. It would cost users at least 1000 pounds a month to have use of a Bloomberg terminal. So to automate a trading strategy with Betfair, the Betfair traders are faced with paying 1000 pounds a month just to get started. Maybe Betfair can use a cheaper mark of the price from such cheaper data providers as DTN or Metatrader.
Maybe Betfair should rethink using the Bloomberg price for setting the price, since Betfair can't reliably post this price. It would cost users at least 1000 pounds a month to have use of a Bloomberg terminal. So to automate a trading strategy with Betfair, the Betfair traders are faced with paying 1000 pounds a month just to get started. Maybe Betfair can use a cheaper mark of the price from such cheaper data providers as DTN or Metatrader.
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